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I have heard getting an LLC and EIN to manage my first rental as a business was good. But an experienced friend just told me that it is actually better to get Umbrella Insurance because if set up as an LLC I can still...
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In publication 527 it says:"The following are settlement fees and closing costs you can’t include in your basis in the property.
Fire insurance premiums.Rent or other charges relating to occupancy of the property b...
Hello all,Let me begin by saying thank you for any advice on this subject.I am new to renting property as the landlord. I have rented in the past and never have I ever come close to this issue.My tenant moved in Oct 1...
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I'm a first time buyer looking to get into house hacking. Me and my soon to be fiance will be double income-no kids for a few years and are looking to maximize the opportunities that come with that. Her dad has been h...
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Hello,I am a seasoned real estate investor (for over 16 years) who worked primarily with residential real estate, specifically single family homes. I am looking into a commercial real estate property of 5mn and puttin...
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Hi All,I'm a real estate newbie (for now), but thinking of interviewing various property managers in investment markets of interest to start building the teams in preparation for that first deal..I'm sure there is a ...
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On my recent property statement, I've noticed a charge I think looks ridiculous. I'm wondering how experienced property owners who work with PM's would handle this matter.
I acquired and rehabbed my first property i...
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I am new to REI and am looking to spend $150k or below on a rental property that satisfies the 1% rule. I am flexible on location and would love to stay in a c or better neighborhood. I’ve been looking in the surrou...
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I have been considering the idea of using HMLs in the future. Not that I would plan to, but I was hoping some of the HMLs or folks with experience borrowing from HMLs could describe what happens if you default.
So fa...
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I never bought a rental property before and I'm thinking about out of state investing in the Carolinas. Of course I'll need the core 4 especially since it's out of state but if I were to find them in a certain 1 or 2 ...