All Forum Posts by: Caspar Vester

when the hvac feels bad for you and offer detroit car show tickets because you bought your first duplex rental property and in 2 months have the furnace and water heater go out in a unit. oh joy

when the hvac feels bad for you and offer detroit car show tickets because you bought your first duplex rental property and in 2 months have the furnace and water heater go out in a unit. oh joy

Hey Guys this is great knowledge. I'm honing in on my first deal. I've worked really hard on doing all my due diligence.

@Daniel Hyman this is exactly what I am looking for! Great info  

BP family. What are the basics a first time land lord investing in rental properties know about taxes ?

Thank you Keith.

That clears things up for me. I'm in the process for possibly purchasing my first rental. I want to make sure all my ducks are in a row.

Do you have any personal experience of you or the tenant using their policy?

@jason bott wow thank you for your response. You just blew this discussion open with knowledge. Do you have any personal experience and examples of any of these policies having to be used?

@carl Fischer Thanks for the response. Knowledge is power. I would love any insight you have on IRA

BP family. Landlords; what is your policy on tenants having their own renters Insurance? Does this affect statistics? Has anyone had experience in this becoming an issue? Any stories of renters insurance actually having to be implemented due to a situation ?? Please share! Thanks in advance

Everyone thank you so much for your feedback this is super helpful. 

If you are going to work hard for something you want to make sure it is protected. 

Starting out where I have very little equity in my homes is an umbrella insurance policy suffice and when the equity gets more substantial go the llc route? 

@Kenneth Garrett what do you mean by "red tape" and aren't you worried about the higher rates eating in to your cash flow numbers? 

2nd Post ever!

Thanks in Advance BP community. 

Sorry if this topic has be hashed out already.

For a new landlord even if you only have one rental property how important is it to get a LLC.

I've heard many different opinions on this, can't wait to hear your thoughts. 

Thank you for your time.