Tanner M.
If you put a rental in a LLC, do you need a business license?
This will be for a property in Jacksonville, Florida. I will establish the llc, then buy the property via the llc. I read some states require you to have a business license. I want to make sure that isn't required i...
John J. Stoia
Looking to connect-house hack in Rochester, NY area
Hello everyone!
I am looking to do a house hack on a duplex/triplex/fourplex around the Rochester, NY area for my first deal in 2024. I would like house hacking to be my first point of focus then move into MFHs/SFHs...
Tara Montgomery
Portfolio Lender Inquiry
I was recently informed that there are portfolio lenders that don't do a credit check, don't require an appraisal (possibly BPO), or tax returns, etc and are truly asset based. Is this possible for a cash out refinanc...
Dillon Scott
Options for Partner Investing
Hi, I'm a new member in the NYC area looking to gain insight on how to structure my first purchase with a friend/investor.I've heard the pros and cons for LLC's, being that they provide limited liability and pass-thro...
Michael Laurencelle
Capital Contribution or Loan to fund LLC for flipping?
When funding my new LLC for flipping, should I use capital contributions or loans? I like the idea of a mix - with a smaller capital contribution being my buy-in and then a second larger amount for funding the first d...
Vincent Pirrone
LTR and STR Hybrid? Maybe?
So I am currently living in a house hack in the basement and have awesome tenants upstairs. I just went under contract on a second home that I am planning on moving into as another house hack and renting out my curren...
Ben Einspahr
Arvada House Hack to Stabilized Rental |Update
Investment Info:Single-family residence other investment in Arvada.Purchase price: $435,000Cash invested: $32,000This is a house hack purchased in April of 2019. This property was a 4 bed/ 3 bath (main lvl= 3bed/2bath...
Adam Kroll
Property Managers in Buffalo, NY
OK, so I've been through 4 property managers in the last 6+ years and I cannot say one good thing about any of them (OK, my first one was a really cool guy). Property neglect, missing rent, not leasing up vacancies q...
Philip Pape
How to handle expenses to buy property before LLC created
I am in the process of closing on a property, so I have some expenses such as postage, travel, and such. I'm paying and tracking these under my real estate investing LLC.However, I'm buying the property under a new 50...
P. Kaye M.
Will I qualify for a 1031 exchange?
I have a SFR that I had rented from 2017-2020. It was rented for 3 1/2 years so I missed the opportunity to sell as my primary home. I haven’t had any rental income from it since 2021. I bought it sole owner in 2005 a...