Andrew Riggs
Self Directed IRA Strategy-1st Deal
24 October 2018 | 3 replies
It would cash flow around $700/mo after taxes, insurance, and deferred maintenance.
David Park
If a LLC has a portfolio loan, can the LLC be sold to a parent?
25 October 2018 | 2 replies
I never ran into that one when I was a loan officer, but my guess would be that since the LLC is the borrower (if you can find someone to lend to an LLC) as long as the title stays in the LLC there wouldn't be a violation of the Due on Sale clause.Oftentimes a lender that lends to an LLC will require the members to personally guarantee the loan.
Kenny Dahill
Property Management: Accountants Point of view
1 November 2018 | 9 replies
Stop issuing 1099-MISC with box 7 "non-employee compensation" instead of box 1 "rent"Stop including refundable deposits in rent incomeProvide annual reports clearly delineated by propertyLearn the difference between maintenance, repairs and improvements and report accordinglyReport insurance reimbursements separatelyProvide supporting documentation: itemized contractor's invoices, insurance adjusters' reports etc
Becky Jairaj
Foreclosure / auction following a death
5 November 2018 | 5 replies
Do some skip tracing, talk to a title company to do some research, search for genealogical records connecting them to someone.
Owen Hehmeyer
Niche for northside Inner Looper seeking rentals (paying cash)?
26 October 2018 | 12 replies
I had good relationships with my Realtor, insurance broker, and contractor.
Jim D.
Will the bank call this loan due when dropping the PMI?
27 October 2018 | 19 replies
Question: when the lender re-visits his file, how likely is it that they will notice/care that the title is now held by the LLC?
Account Closed
Tenant Liability claims with Property Management
25 October 2018 | 4 replies
Good afternoon,If a tenant fills a claim does it always go to the owner s insurance or is the Property managers insurance also responsible ?
Brian Orr
Are the seminars valuable or scams?
28 October 2018 | 35 replies
Once you have the title for the house, you will be very motivated.
Jeanni Prescan
Inheritance tax on a house bought in LLC at judicial sale
13 February 2020 | 15 replies
Not only do I have to do the quiet title against the heirs, but also the city and school district have a lein on the house for all the back taxes that led to the sale before the house even belonged to me, and I have to pay to have this quiet title brought against them to have the lein released.
Uma Bapat
Kitchen reno and permots
25 October 2018 | 5 replies
What we read over several blogs is,1. if we have to take out plumbing and electrical permit, we have to have a building permit2. if we ourselves take out permit then we are responsible for all the work and insurance etc.I will definitely call the building dept