
19 August 2024 | 9 replies
No General Contractor wants to do a remodel with the residents still living there....they will charge you more (they probably will not show it, but the prices will be higher because of the huge PITA factor and increased liability)I would wait until you have completely moved out and then just give them the house empty and ready to roll.....But you can get a Scope Of Work going and start getting bids...even plans and permits if you're going that far...

19 August 2024 | 15 replies
I am not expecting things to work out as you implied but prepare a good exit plan.

18 August 2024 | 12 replies
Any company insuring your properties without an inspection most likely has a clause buried deep in their policy allowing them to deny claims for conditions found on the property that do not meet their UW standards and they will deny you claim based on "the house should have not been insured with them anyway".Although the inspections can be annoying look at it from the other side.You pay them 1000 to 3000 a year to insure a rental property where they agree to pay out possibly hundreds of thousands of dollars if it burns down or up to 1 million if a tenant slips on a bananna peel and falls down the steps or the tenants dog bites someone and since you didn't enforce the tenant having their own renters policy to cover the dog bite the landlord's policy is paying out.The insurance company is very much like your rich uncle backing your business venture - you run the business, he takes on the financial risk from disasters, and doesn't even get a say in who lives in the property.Your rich uncle asking you to fix the steps, put up a handrail, etc which is in your and his best interest long term.Do you really want to rent out a property with a busted front step and a bad roof that is going to leak sooner than later?

18 August 2024 | 2 replies
It can provide financial relief and combat loneliness, fostering a sense of community.

19 August 2024 | 6 replies
Does anyone use a tool of some sort to plan out a cash flow tree with rentals?

18 August 2024 | 6 replies
Borrower does not want to reveal certain financial or personal information5.

19 August 2024 | 13 replies
Hi BP,I own 2 rental properties in Baltimore MD and i am first having trouble deciding on whether to place them in an LLC or not (I plan to slowly scale and house hack a new property once a year).

19 August 2024 | 6 replies
Only have members on your LLC with good credit 680 and above, you can use a will to plan for unexpected circumstances.

18 August 2024 | 12 replies
His first example "Plan" is to buy a fourplex.

18 August 2024 | 16 replies
andy, I plan on calling. we spoke on the phone after the davis county lunch meeting.