Dan Grove
LLC and accounting starting out questions
I have been reading a lot about LLCs and am having a lawyer set one up for me as we speak but there are gaps in my knowledge of the steps to take next. I am investing out of state in pennsylvania. I think this is th...
Debbie Zimmer
Getting a mortgage on an LLC property
Hello everyone! I’m hoping you can provide some guidance to us on this subject.Background: We are new investors and have set up an LLC with a Line of Credit attached. We used the Line of Credit to pay cash for our ...
Sean Wilt
HELOC out of STVR Property
Hello,I have 2 full time STVR Properties that have substantial home equity ($400k each). I am looking to be more active in real estate investing primarily in shorter term fix and flips. I spoke to my banker today an...
Josh Silvester
Do you disclose you are the owner to tenants?
Hi everyone! Thank you all for the advice on my previous posts. An update, we are set to close on our first duplex house hack next week! I am now in a hurry to get all my marketing plans/tenant screening info up and r...
Josh Kroll
MACRS Depreciation for Manufactured Homes not anchored to land
I would greatly appreciate if someone could let me know the correct # of MACRS depreciation years that a manufactured home not anchored to land (e.g. sitting on leased land). Specific links or references to IRS public...
Jonathan Greene
The Worst Thing You Can Have as a New Real Estate Investor is Thin Skin
If you don't have money, you can earn it. You can get a new job, get a promotion, and learn a new trade. You can make more money over time. That problem can be solved. What can't be solved is having thin skin.And we'v...
Elliott Beckstrom
Should I put Single Family LTR in LLC
Hi! I have a property in Denver that I'm renting out long term. I got a letter from my mortgage company that said I can move the title into an LLC if I like without triggering the due at sale clause. This is the only...
Jonathan G.
LLC or Umbrella Policy, HELP!
Ok. We have just signed our first contract on a SFH! We are so excited. Here is a decision we have to make and really need your advice. Since we started this our plan was to open an LLC and put our rental propert...
Sukhwant Kaur
When is the right time to have an LLC
Hello, I started my real estate investing in 2013 with my husband. Now we have 1 condo and 2 4plexes. My husband and I have a full time job and we do real estate investing part - time. We save and buy properties for...
Anthony Vaganos
DCSR vs Conventional with transfer tax
Hi all,
First time post as I get ready for my first investment. For the PA investors out there or maybe in other states with high transfer taxes (2% of property value). Curious on whether you've found the math more f...