All Forum Posts by: Ben Tubergen
Ben Tubergen has started 1 posts and replied 2 times.
Post: Michigan a good market to invest in for cash flow ?
- Investor
- Grand Rapids, MI
- Posts 2
- Votes 3
I've found Grand Rapids to be a great market to dive into despite it being so competitive. The area has been anchored by a number of different colleges/universities, attractive industries (healthcare/manufacturing), and has remained affordable helping retention and population growth. To top it all off Grand Rapids has a couple of different wealthy families who have shown their desire to see the city flourish.
Post: Property Management LLC
- Investor
- Grand Rapids, MI
- Posts 2
- Votes 3
I'm on the brink of acquiring more units to my real estate portfolio. Currently I own the properties in my own name (House Hacking) and have been using my personal checking accounts to collect rents and pay operating expenses. As my portfolio gets larger I see this being an issue when separating my personal expenses with business expenses.
What I'm hoping to do is keep holding the real estate in my personal name (allowing me to continue house hacking) and have my revenue and operating expenses run through an LLC.
Is this strategy plausible? Will I be needed additional licenses for being a "property manager"? Are there certain tax implications that will complicate this? Thanks in advance.