All Forum Posts by: Salil Prasad

thanks. I called the accounting department and they said it was mailed on 27th and they can put stop payment only after 10th. till then I am paying mortgage. So who is liable for late payment. According to lease agreement there is a late fee assessed if not received by 1st.

I have a rental property on section 8 in CA. What happens if housing authority itself is late in payment? Interestingly my tenant was never late but for the last month I still have not received payment (due on 1st of the month) and not getting much help from the housing department. What are my options now?

I have a house in Newark, CA rented to section 8 tenant for nearly 2 years. When I first rented, I was asked to lower the rent even though my asking rent was $200 lower than other houses in the community (same size and plan). Last year I increased the rent by $100 but they asked tenant to pay that increase. This year again my property tax, HOA, insurance all have gone up and I need to increase the rent to make up for the difference. Even now if I check rents on craigslist and from my friends who have already rented to regular tenants, I am below market by $300-$400. Where can I pull data from to show FMV? Does printouts from craigslist count

I just learned about tax liens investments in a real estate investment seminar. I heard only good things obviously. Are there any cons of investing in tax liens other than the difficulty in finding one?

I have a rental property in USA and a land in India. Can they both be put under one single company (LLC)?

I have one rental property with passive losses. I do not have any other real estatement investment property but do I plan to invest in REIT and tax liens in future. Does it make sense to convert my rental into LLC or only when I have more than one rental property? Are there typically any tax advantages in doing so or is it primarily for asset protection?

I have a rental property but it is under trust. Is it better to move it under LLC for better asset protection or just purchase umbrella policy

Hi,

ANy references on who can help open self-directed IRA?

This is a great site, thank you to all the members. I came across this site while checking out reviews of a firm selling real estate investing class/coaching.  I did learn a number of concepts though.

I recently came across a firm (http://nria.net) that based on the good credit score of investors, buys land, builds a SF home at pre-negotiated price with builder, gets 100% financing from bank based on equity by the time house is ready and then works with property manager to get guaranteed rent (or else they pay mortgage for 5 years). 

I would like to get your expert advise how to check the legitimacy of this business and weigh the risk (of course losing equity in 5 years is one but that's true with any rental property)