One expense I was wrong about was food expense.Since rental property is a business, I thought I could write off my food expense, for example, taking a lunch or dinner break from working on my rental property.

in most states vacant property insurance is sold through whats called a surplus line. they wont make you write a one yr policy however three months may cost you 1200.

IIRC it's on about the first $75K now, not on the full $400K.Self-employed folks in the US (actually anyone) gets to write off all LEGITIMATE EXPENSES of of GENERATING THAT INCOME.

Hello,Does anyone have a recommendation of software or of a service that they use to evaluate the ARV of real estate?

I am not a contractor myself, but as a former developer of software systems the systems of a house are quite simple by comparison.

She wants to write it up in the morning.

generic.....yuckContracts are very important and you should learn about all of the different clauses that can be put into one.If there is something your trying to say or accomplish just write it in plain english what you mean....it avoids confusion.

The other thing you can do when you write your offer just put "Your Name and/or assigns" then you can assign the contract to your LLC.I've never had an issue with putting my name on the contract then at closing having everything drawn up in my LLC's name.

I am about to write some new articles on how to raise private funds for real estate investing because in the new post-bubble world normal mortgage and hard money lending is drying up and many investors are being forced to use alternative methods – one of those methods, and maybe the best, is private lending.

Perhaps you can write down each objection you get and think of an appropriate answer that way when you are faced with a similar situation you know exactly what to say.