Christopher Neil
Seller owns free and clear but needs cash to buy in another town
I'm meeting with a seller tomorrow on a FSBO, She owns the house free and clear, great house, superior location, directly across from elementary and high school. Continuing, it is a 4 bedroom , 2 bath. She works in ...
Trace P.
For LLC must payments be made from LLC bank account?
Hi! If I set up a LLC to hold my real estate, must all my business expenses be paid via the LLC bank account for annual accounting purposes? For example, my air ticket expenses, food during my business trips, hotel, p...
Megan Penman
Starting LLC partnership vs sole proprietorship
I have two rentals, one in Missouri and one in Nevada- I need to open an LLC - I hear NV has better protection laws on properties- should I open the LLC there and create a serious LLC? I plan to purchase more properti...
Martin Nesta
Insurance rental versus second home
Hello,
I purchased a property as a second home and now because and I had the opportunity to rent it for one year a month ago. I was talking to my insurance agent and she mentioned that the insurance is for second hom...
Joe Strickley
Turn Key properties
This is my first post here (apart from newbie intro'). I thought I'd kick off with a question on investing in units with existing leases in place. To me they have an obvious advantage; you can see what the cap rate ac...
Tarik N.
Seller financing with interest-only payments
Hello,I am pondering my first seller-financed deal on a duplex. The seller will sell it to me fully leased at 5% amortized over 30 years with balloon payment after 7 years, interest only.I'm pretty happy OK with the t...
Shaun T.
Tax deductions for flips and rentals spanning two years
Hi all ... I have several flips that I purchased in 2022 and will get executed in 2023. Same with rentals where I purchased in 2021 and fixed them up and started renting them in 2022. My questions are how do I accou...
Steve S.
How much liability insurance should I carry?
I believe the policies i have are $300,000 of liability. What would compel me to purchase more?Should my personal net worth play into it at all?
Dave Dunaway
Creating a basement apartment in Columbus
Can anyone point me to the city ordinances or codes that govern creating basement apartments in Columbus OH? Is there anyone here that has done it before?
Malcolm Lawson
Get ready for some HOT deals!
Friends! I am calling it now, this Trump scandal is going to be the catalyst that sends the US into another economic recession. This is not necessarily a bad thing though, here's why.Over the last hundred years the NA...