All Forum Posts by: Thomas Moss

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Thomas Moss has started 2 posts and replied 2 times.

Current have 1 single family home LTR. Looking into getting into a beach condo possibly in the Florida panhandle.

I have very little knowledge regarding the costs accompanied by this and therefore difficult to calculate deals/cash flow when assessing properties.

Would anyone be able to give rough estimates of electric/heat/air bill. Also unsure of insurance costs.

Any blogs, podcast episodes, books, any links to read up on would be greatly appreciated.

0 Votes

Currently I am a partner in an LLC with 1 rental property. We are looking to purchase a second property, but I am unsure about how to utilize the income from first rental to support a second. I understand commingling of funds is illegal so you cant simply transfer funds from one to another LLC for down payment, mortgage, repairs/rehab etc. Do we need to make a distribution to ourselves in order to be able to reinvest it?

Would love any helpful links, books, podcast episodes, or youtube videos to start directing me the right way. Certainly I would consult a professional prior to advancing, but I would like a rough understanding first.

1 Vote