All Forum Posts by: Vishal Shah

@Ryan Husser - That is what my loan officer suggested as well. Get a loan and switch it over to LLC. However, he did not mention about the every thing during if banks finds out. I will follow up on that point. Thanks.

@Patricia Steiner - Thank you. I will keep you posted when I make a decision.

I need a way to protect myself from any legal issues. How should I do it? LLC or Umbrella policy?

@Cassidy Burns -

Goal #1 - Convince my wife to take some risks.

Goal #2 - Decide if we should refinance and take cash out of our rental and reinvest again in this crazy high market or hold and wait for market to come to me. We only have 10 years left to pay it off. It cash flows right now.

Goal #3 - Have at least $100k more in net worth.

@Jim Cummings- Thank you this does help.

@Susannah Vila Thank you for the form. That will be helpful if I chose to move forward. Also, I am extending the lease 2nd time (this will be my tenants 3rd year) but having her sign a completely new lease since her boyfriend moved out.

@Will Fraser if I run the screening and have the sublet tenent sign my contract will I be liable for any issue the two of them have? Also, my current tenent is the one looking to sublet. She came up with he idea on her own. Should I have both of them sign something that talks about how the current owner is still liable for the full rent and the sublet tenent will pay the current tenent?

@Pat L. Thank you, do you have a recommendation on screening companies? My rental house is in Texas.

@Theresa Harris Thank you, you make agreat point about my current tenent leaving and me being stick with the sublet tenent.

@Will Fraser Thank you, you make manhood point about someone else in a binding contract on my property.