Tito Taiwo
How to File taxes on rental property income
Hi! I would like some help. Last year was my mums first year being a Landlord. Now we are both trying to figure out how she properly files taxes on her rental income. Initially I was telling her to treat it as a capit...
Nicolette Alger
LLC or other form of asset protection?
My husband and I closed on our first two properties a few weeks ago. We need to set up some sort of protection. We were thinking about putting them into an LLC, but with my reading there seems to be drawbacks to tha...
Marc S.
Umbrella Policy Issue
Afternoon BP, I fear that I know the answer to my issue but want to get the advice of someone who is an expert in the Insurance game. The exciting part is that I am a first-time investor and am in the process of clos...
Chelsy C
How can I make sure the title has no cloud or having a clear title after closing a short sale on a property in California?
I am buying a property,by looking at the prelim report, it has a trust showing both mother's name "A" ( pass away) and daughter "B" is selling the property short sale to me. on the #2. of the title report, it says ...
Clint Cook
Newbie from American Fork, Utah
I'm Clint, a 45 year old electrical engineer from American Fork, Utah. When vacationing my family and we will often stay in a vacation rental instead of a hotel. We find them more comfortable, better suited for ou...
Jay Yoo
Offer review service charge
Hello. As a newbie, I dont know what Im asking. So obviously I dont know what’s common sense to ask without making someone feel uncomfortable. Im selling a small condominium as FSBO with online service for a flat fee....
Omi C.
Questions about holding accounts for insurance + taxes
Good day all!I recently bought a 4-plex as my first investment property and am having some issues with the lender.The first issue was that the lender surprised me on the HUD by collecting 3 months advance taxes+insura...
Johann Jells
Do you think I have any legal exposure in this situation?
Uggh. I've got a crazy tenant. On the 28th when I was away she emails me saying the apartment is cold. We're having a historic cold snap btw. She immediately escalates to withholding rent. I tell her to call the local...
Yuzi Stha
Create LLC for duplex in Massachusetts ?
Hello everyone,I am in the process of looking for duplex or triplex in Boston suburbs like Malden, Waltham area. I have found a property that I like and I might send out an offer. My question to you guys is, do you gu...
Account Closed
Note Assignment
If sell a note to somebody, does the lenders title policy and hazard insurance have to be changed to cover the new note holder, or does the coverage somehow automatically transfer to the assignee?