@GenZMultifamily@melisandrePro I mean the biggest benefit is the insulation from your personal assets. Tax benefits are the same even if you file personal taxes with your business income, you get the same benefits. Investment properties are still depreciating assets to the IRS. He just reposted to make noise
@GenZMultifamily People ask me how did I come up with capital for my properties all the time. If you own a home, you have equity waiting be leveraged. Use it to make more money. Personal HELOC->LLC DSCR->Charge 2x the mortgage->Pay off early. Rinse and repeat.
@GenZMultifamily@saleskhalifa Also this guy doesnโt see all the posts about how reasonable you are with your tenants. Keep doing your thing and show this hater how a boss runs a business. ๐ซก
@GenZMultifamily Food for thought people. Looking to acquire muti-family with no down payment or closing costs? Find yourself a 96yr with properties looking for a new beau.
@GenZMultifamily If I were you, next time youโre in town, see if you can set up some kind of unformal meeting. In my experience just getting in front of a person goes a long way.
@GenZMultifamily Just bought 2x SFH right next to each other. There is house right next to them owned by a widow and will be leaving the house to her kids when her time comes. Got their contact info after bringing lunch over to her one afternoon. Just some charm worked for me.
@GenZMultifamily Subway lol. I was picking up lunch for my painters and I asked if I can grab her something while I was out. I ate my sub with her and just listened to her story. She also gave work to my painters and tree trimmers. She happy she has some good neighbors and knows the landlord now
@GenZMultifamily There are diamonds in the rough. 1k a month I get for this. Cheap can make you๐ฐif you play your cards right. Only in the Midwest baby.
@GenZMultifamily@marcuslemonis You need a Midwest girl ๐. Iโm from Miami and found my Wisconsin wifey down there when she was vacation. Glad she ripped me from South and brought me back to her neck of the woods. Cold winters are tolerable with a warm booty next to you ๐คฃ
@buyahause@GenZMultifamily I do it case by case. I work with my good paying tenants. Iโm happy to pay for it now than later after they move out. Also making them pay for it could push out a great tenant. So I guess it all depends on the situation ๐คทโโ๏ธ
@GenZMultifamily How do you get financing on 8 units? Been finding it extremely difficult to get anything over 4. I donโt like how most lenders go commerical over 4.