Hi all,
I’ll be closing on my first property within the first weeI of November, an owner occupied triplex.
Assuming it takes me a month or two to get ready and tenanted, I may get a months worth of rental income.
...
Okay so we purchased a property under LLC with a hard money lender and I'm just trying to get an idea and have a clear plan for when it's time to pay the hard money lender back we thought that we would owner occupy th...
I'm wondering if it's a good idea to open up a different LLC for each rental property or is there too much headache to make it worth it? Also, I'm not asking on whether I should start an LLC vs an umbrella policy. Th...
My wife owns an LLC which owns an investment property in Conway, NH which we believe will appraise for +/- $700K. It has no liens of mortgages. She also owns 100% of our personal residence in Tuftonboro, NH that is as...
Hi all,
I'm purchasing an investment property (residential rental duplex) and I'm wondering what the best legal entity to hold it in would be.
Purchase price: $479,000
Monthly cash flow: $1,500
Income will be ke...
Hi folks,
I've asked this question obtusely before, but I'm still not sure how to make this work.
I just finished reading Brandon Turner's blog regarding "I'm not the owner." In Brandon's article he mentions holdi...
I'm new to the STR game with 2 rentals, and they've gotten to where they are requiring a fair amount of input. One is in our front yard, the other is about 45 minutes away. I'm a firefighter, and can generally handl...
I have two questions regarding mortgage interest tax deductions.
First, last year, I purchased a HUD property at a significant discount and used a $70,000 HELOC from my primary residence for the down payment. I under...
I'M UNDER CONTRACT!!!! I can't believe I'm actually here and things are finally moving. I started learning and saving 4 months ago and I'm excited to get to the next steps.
I wanted to go ahead an setup a business ch...
Hello All,I currently own 13 real estate properties in the Northeast Ohio area and I'm looking to obtain a loan to assist with further expansion. I'm finding it difficult to find loans geared towards rental property i...