All,Quick question... Building a spreadsheet of all my expenditures for my rental property.  What kind of data does the IRS want to see if I ever get audited?  I assume a list of the expenditures with dates, I also a...

Anyone here know any lender (small bank, CU, large bank, no hard lenders) who will lend in individual name less than 15% down for a secondary mortgage (non-primary residence)? We've found SunTrust (ticker symbol: STI,...

Hello,
I am an entrepreneur having issues qualifying for a conventional loan. After doing research I learned of the DSCR loan. My question is, if I acquire a property via a DSCR loan on my own, does my spouse have an...

We just recently purchased a rental property in Utah from out of state.  Prior to renting out the home we will have to fly out there to prep the home for rent.  Just wondering if we can count expenses incurred for fly...

After reading lots on this forum, I realize that I do not need to create an LLC but an S-Corp for purpose of (personal liability protection only) . Since the taxing will pass through to my personal income thus the sa...

I'm overall happy with this renovation.   It took 12 days for completion, and we have a great tenant moving in. 
This time my kitchen guy installed the 36" cabinets flushed with the ceiling with no fillers, so they a...

If you- own a short term rental in your name- have a mortgage on that property - self manage Do you still create a LLC to manage your rental business or do you manage it under your name and then file income and expens...

Hi AllThere is a facebook group in my town that caters to the AirForce who I like to rent to, I don't use facebook yet for this purpose, how should I best do this?  I dont think I want to use my personal facebook acco...

What do investors do when they have multiple properties? For example, 15 different properties for rentals. Do they just create 15 different LLCs? For fix and flip, that would be a separate LLC too? Any clarification w...

Your LLC purchases a property fixes it up.   Can you become the renter of the LLC's fixed up property ?