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I am trying to figure out how to structure LLC's in NY. I currently have an LLC with 3 properties in it and I have a total of 6. I am currently thinking about refinancing other properties into LLCs so I need some advi...
My Husband and I own 3 houses and two of them are rentals. He wants me to put the rentals under an LLC. Now I know an LLC is to protect you in the event of being suid, but if we have good insurance polocies, does that...
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Hello everyone,I've been trying to figure out the answer to a question about how to come up with the amount of umbrella insurance coverage I need. I used to have $1M umbrella, but my insurance agent says I am signific...
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I have several rental properties in my home state of NJ, all owned in a NJ LLC. I’m wondering, if I buy out of state should I set up an LLC in the states where properties are located?
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I'm an aspiring real estate investor looking to get a better sense of the WA market (born and raised in Tacoma, and currently own a house in Seattle). One concept that has caught my eye is "mid-term", or 30 day rental...
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Do you guys prefer to use a higher $ amount and run up your daily limit rather quickly or enter a lower bid and play it slow? We started it last night with the higher bid to run up the cap more quickly but I'm open to...
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For tax filing, where would expenses associated with a wraparound mortgage be reported? On Schedule A? Some examples would be interest paid to the underlying lender, note processing fees etc.
Thanks,
Angie
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Hi all!I am looking at investing in an out-of-state property that is a 5 BR, 3 BA which is a 3/2 upstairs and 2/1 in the finished basement. There is also a full kitchen and laundry in the basement. There is not a sepa...
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Hi everyone,
i am looking to get into the STR market by purchasing my first property in Virginia this winter.
On the finance side, I assume I will need to start an LLC. How will that effect the purchasing process? ...
I am new to the rental game, kinda. I rented to my parents for 15+ years and when they past I rehabbed the house and sold it for $120k profit. It worked well because it was a rental they were renting for someone else,...