All Forum Posts by: Sheyla Rodriguez

After a few years of being able to rent 2 townhomes in the same HOA, now they mailed all owners a letter stating that we are not longer able to rent more than one property at a time.

The townhome is paid off and I was thinking of doing a quitclaim deed and transferring the deed to my 18 year old sister, in order to keep renting it. I trust her, if I didn't I wouldn't even consider doing this.....  My question ... is there a legal document that I can put in place stating that I am the only person allowed to sign or make decisions on this property ?  Also, can I still claim it on my taxes ? 

I have call a few different attorneys and I cant seem to get a response. 

Thank you all in advance. 

I just recently purchased my 4th rental property. Long story short we own 3 rental properties and I took out a cash out refi on one of them to purchase this 4th one. I used that money and all of my savings for this property. Now I want to remodel it and make it appealing. The remodel is going to be around $12,000. What do you guys do when you are in this scenario where there’s no money in the bank to cover that extra remodel? Credit card and then pay it back with the rental income ? Advise…