All Forum Posts by: Mike Gel

Not new to the rental game but I'm looking at a SFH to use strictly as an AirBnB (1st property w/Airbnb). I will have the home titled in my LLC. Question is, can I list the home on Airbnb under my business and can I receive payment from Airbnb through my LLC using my business bank account? Having a hard time finding the answer on Airbnb‘s website. Most Airbnb's I have seen are listed under peoples personal names but I want the Airbnb income to go through my business. Thanks in advance.

Just heard about Cost Segregation for the first time today.  Did a quick search to find out more and got this thread.  Quite an interesting start to it, but still confused and want some more info!

@Tim Hendricks thanks!

I am looking at 2-4 unit multifamily properties. Plan is to use my HELOC for 20-25% downpayment with a 30 yr fixed mortgage and ultimately have the property titled in my LLC for liability purposes. Problem is I can't seem to find a lender to give me a commercial mortgage w/o exorbitant fees. 1 lender mentioned just getting a residential mortgage then retitle the property into my LLC (~$400) which is an option but hesitant if they call the loan (I've been told this doesn't happen all that often though?). The title company I spoke with mentioned some lenders will allow for a commercial mortgage as long as I personally sign the loan as well. Does anyone have experience with this option? I wanted to 'keep my personal and business separate' so it makes me a little nervous signing personally but maybe I'm overthinking it.

Thanks. 

do you mind what is meant by 1st/2nd/3rd position?  thanks in advance....a bit of a newbie here

Just getting started in investment properties. Is something like Legal Zoom to set up an LLC sufficient for personal asset protection when I plan to purchase about 1 rental property/year or is it worth it to hire a lawyer to do it?