Matt Jones
Post-closing rehab loan for personal property
Recently closed on a townhome and my property could use a facelift. Unfortunately, I do not have enough cash to afford the rehab. What are my options with getting a loan (~$50K) to improve my property and then, hope...
Stephen Race
How to account for disposing personal property
Hi, I purchased a furnished rental property last year. I created a separate depreciation item for the original personal property which is in year 2 of 5 years of depreciable life. I recently did a remodel and donat...
Christopher Cannon
HELP - Personal Property Left by Previous Owner
Sorry for the long post, but I've Never encountered this before - My partnership is in escrow on a SFR in California. It's a fantastic deal that I've spent 4 months developing a relationship with the current owner and...
Alexandra Sales
LLC vs Personal Property finances and mortgages
Hi all I have a few questions regarding properties under LLC vs personal for buy and hold / BRRRR strategies...
Can a rental property be under our personal names (mortgage title/deed), but the bank account for renta...
Kelly L.
cleaning crew broke my tenant's personal property
Hi everyone,
I am getting ready to sell my rental property. Yesterday was listing day. So I got 2 contractors and the cleaning crew to fix up the place. My tenant told me this morning that two items were brok...
Keith A.
Business Line of Credit involving personal properties
I have properties in both my personal name and business LLC name. Some of the ones in my personal name have conventional financing and others are free and clear. Similar with the ones in the LLC, some with private l...
Bruce Dykstra
Renters insurance: tenant personal property and liability
Hi All,
I am using the Bigger Pockets lease for MA residents. There is a clause about renter's insurance (#19.B). My question is, do other MA landlords require tenants to get liability coverage in addition to coverag...
Kyle Jones
100+ unit contract question
Hello, I'm nearing the end of a contract negotiation for a 100+ unit property, and the "final" request the seller came back was the following: Our CPA recommended that we add a sentence to Paragraph 8: EVENTS OCCURING...
Mimi Sisi
Eviction after foreclosure
Hi,I evicted a tenant after foreclosure, today. The tenant has vacated the property before the sheriff arrived but he left behind his furniture including a car in the garage. what am I responsible to do with it. The p...
Robert Keller
Properties in deceased person's name
Hello everyone, I'm just getting started with wholesaling homes. My husband and I went "driving for dollars," and we identified several homes within a 2 block radius that we could start reaching out to their own...