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I'm trying to get some answers regarding what kind of bank account I can use for my rental property. I have an LLC so I'm wondering if I can use my personal checking for my business or if I'm required to have a busine...
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Dear community,Just become a new host last month. As a long distance host, how do you find your local contact person? My cleaner as the dual function now is 30min away, I’m thinking to find someone closer to fix minor...
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Does anyone know if a hard money lender would lend money as a personal loan using someone’s personal residence as collateral?I have a family friend going through a bankruptcy (so horrible credit) but his personal resi...
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I'm trying to buy a place where my family could move -- ideally a duplex or triplex, or maybe just a SFH. (We bought and rehabbed a triplex already as owner-occupants, so I have experience with fixing up a place and p...
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Hello, I am 1 of 2 owners in a real estate LLC that holds 4 residential real estate properties that are fully paid off. Does anyone know if it is possible to obtain a mortgage loan to acquire an additional property wi...
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One year ago, I purchased a property for $550k and signed a tenant to a 10 year lease. The proprietor was a coffee shop/bookstore that was operating down the street. They wanted to expand as well as offer food and a...
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So the question is if I start an LLC and buy a house, will it be taxed at 4% or 6%?
The house will be a rental. Income will go into an account under the LLC.
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Hello All!
I am a newbie still educating myself and have not done a deal yet. I am stashing up cash (pre tax) for my first deal but now i am having a second thought and wondering if I should :1) pay the tax and use ...
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Any tips or processes that you guys have when meeting with the seller's at the home? Any good methods of getting them to come way down in price?
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I am interested in first-hand experience - if you have/had a tenant with disability - please kindly chime in
Someone have inquired about the property and indicated this will be for their disabled son.
I made some rese...