Hi! So, my husband and I are self-employed and bought a home to live in in September 2014 at almost the max we were allowed to purchase, according to what our tax returns say. We make more than what it says on paper a...
I am interested in purchasing a vacation rental in the near future. When qualifing for the mortgage is the historic rental income counted towards qualifying for the mortgage? In this scenario the historic annual tent ...
Hello all, I have a house overlooking a lake in South Dakota. This is my primary residence & the mortgage is held personally on a 30 year note. I file for "owner occupied" status and have the mortgage interest ful...
So it is recommended to have each property in its own LLC. However, having to run separate books for each entity is a hassle. Is if possible to have one LLC own multiple LLC.s ? Then just run one set of quick books ...
I am transitioning between tenants and was wondering how other landlords handle getting the rental clean for the new renters.
Do you bring in a cleaner or do it yourself?
When do you clean it? Is it the last day of...
Good Morning,I am in search of a "No Pet" addendum for existing leases. I would greatly appreciate it if someone could provide a template or point me in the right direction.Thank you in advance!Mark
I’ve purchased a few units (5) this year in Georgia and I’m wondering if I need to get an LLC. I’m up for answering any questions that you may have in order to get some solid feedback. I look forward to your responses!
I have done only buy and holds up to this point, and my focus will continue to be buy and hold in the future.I have two LLCs, #1 is more established with 4 rental properties right now. With all the tax write offs incl...
Since I as of yet do not have any commercial property, this is nothing more than morbid curiosity...
...I've heard that cashout on refi's in the commercial world cannot exceed 20% of loan amount regardless of LTV. I...
We just finished renovating 1/2 of our latest duplex - see newbie rental diary#3. Problem is that the other tenant wants his place fixed up too and is complaining about EVERYTHING he can find. He says there are bugs ...