All Forum Posts by: Chris Bluem

@Daniel Dietz

Thanks, I reached out to them and they would not give me a consult until next year!!

If you could get me in I’d use them!!

Thanks! I know the structure I need after a lot DD, it's pretty common. But looking to get a partner that will do it all and not over change for the hell of it!

Thank you for the rec, will reach out. Greatly appreciated!

Hi, I am looking for recommendations for firms that provide setting up correct entity structure (S-Corp on operating side / LLC on non-operating), and also provides tax prep and planning. Real estate and short term rental knowledge/focus is key. Please let me know if you have used any firm and what your feedback is. Thank you!

Hi, I am looking for recommendations for firms that provide setting up correct entity structure (S-Corp on operating side / LLC on non-operating), and also provides tax prep and planning. Real estate and short term rental knowledge/focus is key. Please let me know if you have used any firm and what your feedback is. Thank you!

Woulnt that increase my DTI, or are you saying they would count the lease payable from my LLC as my lease payable?

This would apply to any refinance or purchase, but I am currently trying to refinance my personal house. My issue is my other properties (3) are STR and do not have 12 months of history yet on my tax returns. So banks so far said they would not consider any income on DTI.

Can I write a long term lease with my LLC, have my LLC collect STR revenue and then pay me the lease payment? Would this pass underwriting? Does the lease need to be seasoned?

Thanks!

Has anyone created an LLC and created a long term lease between you and the LLC, and have STR revenue go to the LLC and then make lease payments to yourself? Would this get passed underwriting?

Bumping this for any advice or work arounds. Could go portfolio lender like lending home etc, but would prefer not to.

@Patrick O'Fallon and @Jeff Low how long are we talking? and do you think the refi process would be quicker than the HELOC? For Refi, I just cant find anyone else at 80% LTV, so they are attractive. Any other thoughts or recommendations? Thanks!