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Hello! My wife and I are under contract on a second home, and we plan to rent our current house out. We are excited to start this journey. We plan on managing the rental ourselves. I am curious if we should start an...
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My sister and I just bought our first rental property together in Providence, RI! As we started going through the closing process a month ago, we began asking ourselves, "do we need to form an LLC?" The main concern ...
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Hi! Has anyone here purchased from a tax defaulted property auction (in CA specifically, but open to hear about other areas)? would love to hear your experience, how competitive it was, etc? Also what your exit stra...
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I've accumulated 14 doors spread over 6 properties and I'm looking to consolidate finances and pull out some equity while interest rates are low. Does anyone have a recommendation for someone to contact about a portf...
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I am buying my first rental property. I have no dept and my net worth is about 150K, and I would like to keep it that way. Questions are 1. Do I open an LLC to protect my personal assets? If something should happe...
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Our tenant was out of power because we had to replace our breaker box, partly due to a storm recently, it took 3 days due to July 4th weekend nobody was available. We put the tenant in a hotel for 2 nights while we tr...
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I have a Series LLC I use to collect income for my consulting business, but the income goes to my personal checking account. If I created a child series to hold an investment property (not collects rents though, just ...
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HI All-
I am in the midst of closing on my first deal, which will be the first of hopefully many units to be a part of my rental portfolio. However, in the closing of my first unit, I am putting the property ...
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I have 2 rental units with the cash flow of 36k a year. I am thinking to add some more rental unit. My question is, should I keep it as a schedule C on my tax report or create a legel business such as Corp. or LLC ? A...
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I am fairly new to the real estate. I just need some honest opinion from people who been doing this. I am about to receive about 80 to 100k. Not really receive but am going to get this loan I should say. It's a HELOC ...