All Forum Posts by: Hardik Patel

Thank you!

We reside in Texas and plan to purchase two out of state properties in Indiana, additionally we would both would like to benefit from tax benefits.

For our first two properties she will provide funding, as we scale I will purchase the next two. 

Would it be a fair statement to state we would not need an LLC and both of us can purchase a house together then create an llc as we grow?

My sister and I are planning to invest in single-family rental properties together over the next decade. We intend to form a 50/50 partnership, likely structured as a two-member LLC. Each property would be owned under the LLC, with annual distribution of profits and losses reported via K-1s.

Has anyone set up a similar structure? We’d appreciate any suggestions or recommendations based on your experience.

Thanks!

Hello, I am also interested in Peoria, what type of COC are you seeing with your properties?

@Humberto Valle @David Bain what type of investment properties do you have in El Paso? We are looking into a potential short term rental on the North East side of town, trying to gather more data on type of visitors to the area?

Thanks

I agree with Justin, it seems the Broken Bow market is becoming saturated with new builds with 800sqft cabins selling for 500K.

@Jordan Moorhead did you faced any challenges obtaining a STR permit in Ausin?

@Sheila Smith Oliver What type of occupancy and adr are you seeing in round rock?

Hi, I have a question in regards to tax deductions when selling a rental property. I sold a property last year, fortunately I do not have to pay capital gains as It was my primary residence before being rented. As I am not paying capital gains am I still able to deduct expenses related to selling the home, for example, title insurance, closing cost fees, agent commission fees etc? Thanks

@Andrew Postell Hi there, I am also from Texas, I tried to search for a Texas forum but was unable to locate it. Can you provide some direction please?

Thanks