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29 May 2024 | 5 replies
Great question 1) tenant is a serial killer (or similar 2) tenant is psycho and tries to sue me personally thinking I may settle and avoid litigation fees.
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29 May 2024 | 2 replies
If the trust is what is called a "disregarded entity" (meaning it does not have it's own TIN and does not file a tax return) then the activity of that property is reported on your personal tax return.
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29 May 2024 | 36 replies
The Dominican Republic can be a great place to invest but, personally, Punta Cana would be the last place I'd invest in.Two years ago, during a meeting I had at the Ministry of Tourism in Santo Domingo, one of the head honchos there clearly told me "If I were you, I wouldn't invest in Punta Cana".
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27 May 2024 | 7 replies
Thank you so much for the detailed advice and encouragement!
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29 May 2024 | 15 replies
Rentredi is also a popular one (paid service) but I can't give my personal experience on that.
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29 May 2024 | 2 replies
The property has been reported on the deceased's personal tax return.
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29 May 2024 | 12 replies
I'd always recommend flying out to where you plan to invest to get a feel for the market and to meet your team in person.
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29 May 2024 | 18 replies
I would find real estate investing meetups in your area right away so you can network, in person, with other people to hear about how they handled their first landlording experience.
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29 May 2024 | 7 replies
House hacking will also give you some personal "property management" experience.
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29 May 2024 | 2 replies
The mortgage is likely also personally guaranteed by current owners.