Posted by Chris on October 30, 2005 at 24:56:57:
What a great site!
Current Situation:
800 credit
100k income
currently own one rental (140k note) Positive flow of about $200mth
No other debt
Just put two homes under contract (will have 130k in combined notes)
—These properties will net $400mth immediately after taking
ownership.
What structures (legal/accounting/etc.) should I put in place so that I
can increase the number of profitable long or short-term rentals I own
without my credit going to pot from debt/income issues? Any
thoughts? Thanks in advance.