David Georgeson
Buying a property in an Estate please provide me with your thoughts and concerns.
I am looking at purchasing a house that my realtor says is part of an estate. I generally know what that means but I don't know if there are any potential cons with this situation. The property is off a "main road" ...
Amanda C.
Oil Stains in Driveway - normal wear and tear or deposit?
We had tenants renting for 4yrs, when we got to the property after they moved out we noticed a large oil-stain in the driveway as well as various other smaller oil stains in the driveway. This photo is before pressure...
Sanjai Dayal
Own commercial building, I use 2 of 7 offices for medical business- pay myself?
The commercial office space is owned by my LLC. I need to allocate a certain rent to pay myself as I use 2 offices working as a medical provider (another LLC). The higher the rent, the better for tax purposes. Is ther...
Brittany Baird
Asset protection for new landlord
Hi there, I have a single rooftop with three units fully rented in PA. I’m a NJ resident and have an LLC incorporated in the state of NJ. I made the LLC to use for my consulting business but accepted a w-2 position ...
Terri B.
Is it better to have debt than own free and clear?
I heard an investor on a call say it's best to have some debt on properties for protection. There wasn't time to discuss in detail so I'm asking you all fellow investors about this. What's your perspective and why? I ...
Melissa Man
Protection from being sued
What do you all do legally to protect yourself from being sued by your tenants.
Jill Keller
One LLC or Multiple LLCs?
Hello,
I have a 3 properties under my personal name that I'm looking to move ownership to an LLC. Should I get 1 LLC per property or one LLC for all 3 properties? I know multiple LLCs would mean more complicated taxe...
Robert Gerrard
how should a buyer broker commission be handled in an LLC
So I'm fairly new in this game. I'm a partner in an LLC with two very close friends. I'm a licensed Realtor, they are both unlicensed contractors. We recently bought a Fannie Mae property and I was compensated 1% c...
Dave Strum
Ready to rent out my first house in Melbourne
Hi all,I am about to take the plunge and rent out my first house in Melbourne, FL. I am fairly confident when it comes to the tenant screening process and maintaining things once it gets going, but I am a little appr...
Gabriel F.
Getting insurance in difficult locations
My stepdad is living in Greenville, CA and he has had a very hard time keeping insurance due to the remote nature and fire danger of his investment property. He has used Lloyd's of London and was eventually canceled. ...