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Updated about 1 month ago on . Most recent reply

Guidance on LLC before getting second property.
A little history of how this started... Bough my first home whit my son who is is the Navy, back in 2021. Great location, smallest house in the neighborhood. Interest rate of 3%, no down payment, just closing costs. Lived in it for over a year and a half before my BF asked me to move in with him to his newly bought lakefront home. No brainer, right? So my house was rented for 2 years, same family, and recently new tenant with an increase of rent of $350 since some renovations took place between the two tenants. Good cash flow. Now my BF and I are looking to get a second property for long term rental so we created an LLC. Is there anyone here who can assist with the type of licenses needed?