If I buy a personal home first (first time home buyer) and then try to get a rental property with my business partner, would that present any problems, credit wise?What if I got the rental property first? Would that p...
Hey everybody!I've reached three rental properties, totaling six units. I have landlord insurance on all three, and require the tenants to have renters insurance. I operate them as a sole proprietor by the way.What do...
Hi everyone. I am looking to buy a $500k property, and I have over $100k in savings (i.e. the 20% down payment). Will taking out a personal loan (to pay for some renovation work that I need completed shortly after I c...
I am reading the book "The House Hacking Strategy"
Craig mentions to keep a separate (bank) account for real estate, because it will make it easier when doing taxes.
Can this be an additional savings account? Or doe...
Have about $2k of profits sitting in a checking account solely for my rental ($4k total with SD).
When can/should I take the excess profits out and invest them?
Hey guys,
I am shopping for an insurance for our rental in TX, and the insurance agent proposed to NOT get 300K liability coverage, and instead rely on my home liability coverage to cover the rental. DIfference in cos...
Hello biggetpockets community! After months of studying and looking I think I have found the one. My first rehab. The numbers make sense and the renovations are simple enough not to be overwhelming. However, to fund t...
for investors in Massachusetts with two or three properties how do you structure things? do you have an S corp for the taxes or something else? I know LLCs are expensive so wondering what others are doing.
Hello,So I have always been interested in acquiring rental properties and when I recently discovered Bigger Pockets I really got motivated to start putting things in motion. From what I have gathered it would behoove...
Are the following goals in conflict with each other:Goal A: Prioritize paying off your primary residence. Goal B: Save as much cash as possible so you are ready to BUY when recession hits.At first these goals seemed m...