All Forum Posts by: Debbie C.

My husband and I have signed a rental arbitrage lease agreement with a friend who has agreed to let us manage and rent out his house to tenants. We furnished the house and are planning to rent it out to medium and long-term tenants. But we are not sure how to write the contract. Do we need to disclose that this is a sublease, and do we have to give info to the tenants about the owner and our arbitrage arrangement with him? Or can we just write the contract as if it's like any other tenant?  Thanks in advance!

My husband and I co-own an investment property with our daughter which we are now renting out to tenants. My husband and I have also mortgage on this property. Our daughter’s name is not on the mortgage even though she’s a co-owner. We are letting our daughter take all of the rental income for herself since she is the one who is managing the property and paying for repairs/maintenance and property tax. Plus she needs to improve her debt to income ratio, so we'd thought this would be helpful for her. How should we report this on our taxes? I read somewhere that co-owners usually to split the rental income based on percentage of ownership when reporting income to the IRS. But is it possible to let her have the majority of the rental income, and leave just enough remaining for ourselves to deduct mortgage insurance?

Thanks in advance for any advice!

To protect your cash savings against inflation and possible stagflation/recession, what types of properties would you invest in?

Would you focus on Class A/B/C? Single-family/multifamily? Fixers/non-fixers?

My husband and I are in the Bay Area and looking for where to best put our cash savings in real estate. We initially wanted to look for fixers, but construction/labor/materials costs are through the roof (especially in the Bay Area) so it makes it not as appealing. So we’ve been thinking to focus on pricier newer Class A SFHs. This would be to avoid any costly repair/maintenance and also mitigate the risk of tenants being unable to pay in a downturn since our renter pool would be higher income. What are your thoughts on this strategy, and what would you do in our situation?

To protect your cash savings against inflation and possible stagflation/recession, what types of properties would you invest in?

Would you focus on Class A/B/C? Single-family/multifamily? Fixers/non-fixers?

My husband and I are in the Bay Area and looking for where to best put our cash savings in real estate. We initially wanted to look for fixers, but construction/labor/materials costs are through the roof (especially in the Bay Area) so it makes it not as appealing. So we’ve been thinking to focus on pricier newer Class A SFHs. This would be to avoid any costly repair/maintenance and also mitigate the risk of tenants being unable to pay in a downturn since our renter pool would be higher income. What are your thoughts on this strategy, and what would you do in our situation?

I would like to transfer the title of my rental property (in California)

to my daughter. The property is owned free and clear. However, I am

concerned because there are tenants in the property and we don't want to

make any changes to the lease and are also worried that changing

insurance policies would also be cumbersome. So I was considering

whether it'd be better to leave my name on the title with some

percentage of ownership. The idea behind that being that maybe we can

avoid having to notify our tenants and insurance companies of the

changes. Does anyone have any advice in regards to this? Thank you.

I would like to transfer the title of my rental property (in California) to my daughter. The property is owned free and clear. However, I am concerned because we have tenants in the property and we don't want to make any changes to the lease and are also worried that changing insurance policies would also be cumbersome. So I was considering whether it'd be better to leave my name on the title with some percentage of ownership. The idea behind that being that maybe we can avoid having to notify our tenants and insurance companies of the changes. Does anyone have any advice in regards to this? Thank you.

My husband has an S-Corp that he used for his previous work as an independent contractor (non-real estate related). We both own some rental properties (both our names on the titles) and have always used our personal bank accounts for rental income/expenses. But now we're hoping to put everything on my husband's S-Corp's business bank account and use the S-Corp for doing real estate business. Is this possible? Would it be okay for us to start depositing rental income into the S-Corp account and also use it to handle real estate-related expenses? Or do we need to have our tenants re-sign our leases and put the S-Corp's name on them? And if that's the case, then do we also need to put our holdings under the S-Corp as well?

Thank you in advance for any advice!

Thanks for the reply. Sorry, I was perhaps not clear enough in my post. This is an investment property and the equity we now have is about $500k (I said "own 500k" in my original post, but maybe this is the wrong terminology - sorry I am not an expert in this!)...so our LTV is around 30%.

How difficult is it to obtain a cash-out refinance on a property for someone who is retired? My husband and I only have rental income (around $11k/month) and do not work. But we were hoping to do a cash out refinance on a 700k property which we own about 500k on. Is this possible right now? We live in the SF Bay Area (if that makes a difference).

How difficult is it to obtain a cash-out refinance on a property for someone who is retired? My husband and I only have rental income (around $11k/month) and do not work. But we were hoping to do a cash out refinance on a 700k property which we own about 500k on. Is this possible right now?