Christopher Hu
First Rental Property listing questions
29 January 2025 | 5 replies
The insurance company will send you copy of the tenant declaration page proving coverage, and they will notify you if the tenant ever cancels the policy or allows it to lapse.HOW TO SHARE UTILITIES 101You have a property with two or more units and the utility meters are shared.
Austin Green
Thoughts on short term rental in Franklin, NC
25 January 2025 | 10 replies
I would definitely look into seeing if there are any AirBNB arbitrage companies operating in the area that may be willing to take it on.
Erin Hill
81 units- private insurance? blanket insurance? share insurance?
19 January 2025 | 1 reply
About 5 years ago one of the sellers we bought a multi family from told us about a company that has a lot of landlords like us and we coshare insurance coverage.
Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
24 January 2025 | 8 replies
Gifting equity in a house may be more trouble than it is worth if you are not near the life-time exclusion1) Potentially having to get the property appraised everytime an equity is gifted2) Having a title company update the title every time3) Exemption of the gift tax return is normally for cash gifts below the annual gift tax exclusion, you may still need to file if you gift non-cash4) If there is partial ownership over several years, having to properly pro-rate certain items such as real estate taxes, mortgage interest and rental income if the property is a rentalBest of luck
Nathan Nathan
Help required to create LLCs in Wyoming/Georgia/Michigan
27 January 2025 | 11 replies
In my case, I have residential rentals in one LLC, commercial properties in another, self-storage in a third, and my real estate company operates in a fourth.
John Kim
Anyone Have Experience with Section 8 in Detroit?
30 December 2024 | 18 replies
@John Kim @Travis Biziorek is 100% correct.S8 really isn't difficult, but it's not the answer to everything that the self-proclaimed "gurus" make it out to be.With S8 tenants, you're just trading one set of challenges versus direct paying tenants.When we advertise a rental, we take the best tenant we can find, immaterial of their source of rental funds.You want to be careful investing in the City of Detroit because there are a lot of "crooks" trying to sell you Class D properties dressed up to look like Class C or B.Connect with us or Travis for more info!
Scott Trench
Plotting the Relationship Between Social Media Presence and Real Estate Fund IRR
31 January 2025 | 8 replies
Some of the family-business real estate companies are starting to move from the (typically) patriarch who started the company in the 90s into the kids who are in their early 40's +/-.
Cody Caswell
How to Save Thousands on Cabinetry Cost
28 January 2025 | 12 replies
The days of using Kitchen and Bath companies for the cabinets and countertops in your flips are over.
Jason Hatfield
Buying a house at auction
29 January 2025 | 9 replies
Movement mortgage is the mortgage company.
Paul Gupta
Contractor licensing requirements in DC / Maryland
29 December 2024 | 2 replies
Quote from @Paul Gupta: Hi, in California, For jobs requiring a license, there was CSLB (contractor state licensing board) which would give either a General Contractor license, or specialty licenses by trade (~60 specialties such as concrete, welding tile, ) https://www.cslb.ca.gov/about_us/library/licensing_classific...My Q: does Maryland and DC area have similar requirements?