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7 January 2025 | 28 replies
They may have a question and ask what the average utility is and I'm very clear that it depends on use but I would always have a cap even if it's 1k to protect yourself if someone likes to live like they're in Antartica during the summertime :)
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30 December 2024 | 11 replies
Sure, but again securing $500,000 isn't difficult.That said, liability coverage is lawsuit protection coverage just like it is for you.
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1 January 2025 | 12 replies
A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate) AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.
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30 December 2024 | 15 replies
Unfortunately Good Cause Eviction passed last night in the city of Rochester, NY.I want to thank Council Members Lashay Harris and Michael Patterson for doing the right thing and voting “NO” on this largely performative legislation…that will only TEMPORARILY protect a small handful of city residents living in EXTREME under market rental units…But it will have broad and adverse negative consequences for the WHOLE community.
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10 January 2025 | 67 replies
It just shows up on your schedule e like a regular property.Other benefits are: limited liability/asset protection, reasonable minimum investment ($100k usually).Note that these do have risks just like any real estate and they are only available to accredited investors.
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30 December 2024 | 5 replies
That means, when they are damaged it doesn't eat up the whole security deposit leaving more money to cover other damages better protecting me. 3.
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27 December 2024 | 2 replies
Staying proactive not only protects your tenants but also safeguards your investment.
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24 December 2024 | 9 replies
An LLC is useful for two things: anonymity and legal protection.
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1 January 2025 | 32 replies
Only government and insurance companies insist on not letting go of mail.It's good asset protection.