Related Posts
Fall is coming...
There seems to be quite a few people in here looking to join a startup.
We're a mature aerospace impact startup (in Switzerland) pre launch for a new platform to engage and empower passangers in order to accelerate sustainability in aviation. Our product website is www.adaption.me and company website is www.optimaero .ai.
If you're interested in joining us, and you think you have skills that suit our business, you could drop me a speculative application by email at hello@OptimAero.ai.
Additional Posts in The Real Estate Bowl
New to Fishbowl?
unlock all discussions on Fishbowl.



Mentor
Do you have a mortgage? If not, it’s super easy. If so, there’s a chance that doing a quit claim deed will trigger the mortgage due clause, but it’s very rare that a lender would make that call.
I used a real estate lawyer (the kind that assists you with closings when you sell or buy any home). It's simply a deed transfer, which happens on the same day, and cost me about $350 per property. Other than that, you have to get the LLC added to your rental insurance.
D1, so far all 4 are in 1 LLC. I know a lot of people do multiple or even 1 per, but that also means more costs such as registration, tax filing etc.
Mentor
PWC1 did you buy as second homes or as investment properties to start? I’ve heard of challenges when people bought as second homes and got better financing and then tried to go the LLC route which triggered it being an investment property.
Mentor
Yes
PWC1 - did you get accelerated depreciation (cost segregation) on these properties? Planning to start buying rentals for this reason but would like to get some insights.
Mentor
I recently did a cost segregation on my two properties. It was about $8300 total for both including the 3115 forms. Upfront depreciation was significant and will have a very notable impact on taxes this year and next year at least.