Currently my husband and I have an LLC and we partnered with another LLC to purchase a property. Both LLCs are listed on the loan. My tax accountant is saying we should pick just one LLC to use for the property (and...
Hi all,
I have a couple homes owned outrite, that were very inexpensive and am now paying steep homeowner insurance rates in south fl. Wondering, has anyone found a way to keep liability only on their rental ...
I recently completed a project where we purchased a 4-plex in Los Angeles, did a major renovation and then sold the units individually to separate buyers who purchased as Tenants in Common (TIC). The entity structure ...
Hello all, I'm looking to hopefully get some mixed perspectives on this post based upon a nagging worry I have about jumping into REI.At this point in my life, I have a sizable 401K primarily made up of stocks and hav...
hello everyone, over the past couple of years we have purchased two single-family homes and also built a guest house on our property. I now have three tenants and I lease part of one of the properties back to my busin...
Hey so I’m curious how this works, maybe someone can fill me in. Let’s say I make $4000 a month and am looking at 4 unit properties, to make it simple well say each unit pays $1000 each month. In this case would I qu...
I currently have 5 rentals (looking to grow) that are financed conventionally. That being stated, my lenders will not allow for me to transfer title into an LLC. Since I’m not able to transfer any of my 5 rentals into...
I’m considering pulling out an 80% HELOC on my primary residence to invest using the BRRRR strategy. Would doing so negatively affect my DTI or credit and make it harder to qualify for a conventional loan when refinan...
Everyone knows that financial education is one of the most crucial things to teach children at a young age. It doesn't just set them up to be wealthy, but it gives them the tools to be confident, choose delayed gratif...
Hey everyone,
I'm about to close on my first deal, a single family home. I am purchasing the home using all cash and plan to do a small rehab job that should take around a month. After a few months I hope to refinanc...