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12 November 2024 | 4 replies
If you require financing, you will have to apply for a DSCR loan.
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14 November 2024 | 2 replies
No, I put 65,000 but its probably worth 140,000 I'm trying to get a HELOC to do some renovations, then rent it out in April.
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12 November 2024 | 5 replies
Is the walkout directly to the backyard or up out of a Bilco door?
13 November 2024 | 2 replies
I’d appreciate your insights on a complex insurance setup for my recent property purchase.My Setup:• Property purchased in FL under a Trust• Trust is owned by an LLC in FL• Holding company LLC in WY owns the FL LLCSituation:I acquired the property through a subject-to (sub-to) deal, taking over the seller’s mortgage, and I’m arranging insurance coverage.My attorney suggests I:1.
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13 November 2024 | 3 replies
Having a conversation up front can help you avoid lost time and money in the long run.
12 November 2024 | 2 replies
A brother, a son or anyone else?
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13 November 2024 | 8 replies
You can offset the passive losses from one rental against the positive income from another rental.Therefore, you will likely have a net $3,000 loss across all the three rentals which you would carry forward.If your depreciation was more than $3,000, you basically made cash-flow or rental income that was not taxed, which is good.Best of luck
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12 November 2024 | 13 replies
@Joseph A. may I also have a copy of your Google form?
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12 November 2024 | 2 replies
@Sandee SampsonA construction attorney would be who to contact but you are going to spend a lot more than $7000 in getting this resolved against a builder.Also let’s say you win, the courts could also say you didn’t pay for a retaining wall which is needed so it’s a betterment to the property so you would still need to pay for the wall and they would be responsible for some soil etc.
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25 October 2024 | 2 replies
Hi everyone,I’m exploring the idea of purchasing a property in Big Bear Lake, CA to use as a short-term rental (Airbnb), and I’d love to hear from anyone with experience in the area.