Steve Velez
Umbrella policy coverage
I have a few investment properties in my personal name in addition to my own personal assets (home.,car, etc). I wanted to purchase an umbrella insurance policy but I'm not sure how to go about calculating the right c...
Ron Singh
tax deductible limit on rental properties
are there any max limit on mortgage interest, property tax etc, which would stop you from getting tax deductions on rental properties you own ?in other words say you own in your name (not llc):primary residence : mo...
Daniel Dietz
What Loans Count Towards 'The Ten Loan Limit' we hear about?
Hello, I have read mixed answers to this both here and from other investors, and am hoping some of the more savy lenders or other knowledgable folks can give a more definitive answer. It seems clear that if you are ju...
Ryan Watson
Deductable Expences
Is there a limit on the amount of expences a landlord can deduct from taxes per year? Such as replacing things that are coming up due, such as floors, siding, and windows?
Adam LeMay
Dwelling Insurance Limits on Townhome Rentals
Hello, hoping someone can chime in regarding my questions below.I currently own 4 rental properties all of which are townhomes in the same city in MN. Their current values are as follows: $215k, $155k, $140k and $14...
Lenny B.
What should be the amount of Umbrella insurance?
Hello everyone,I've been trying to figure out the answer to a question about how to come up with the amount of umbrella insurance coverage I need. I used to have $1M umbrella, but my insurance agent says I am signific...
Idris Haroon
How many rentals can an investor own?
I'm trying to find out how many rental properties an investor can own. I currently own 10 properties in the Dallas area and wondering if there are any restrictions on owning more. My goal is to get to 20 properties in...
Ally Kumar
Number of people living in a 2 BR rental
I am a newbie and trying to get some advice regarding how many adults and children can comfortably live in a 2 BR, 1.5 bath rental unit in a duplex. Any guidelines? If there are too many people who want to live there,...
Colby Adkins
Max amount of Mortgages
If the law says the max amount of mortgages in your name is 10 how do you hear of people with 50+ units within 6-8 years?
Larry Bowers
Personal guarantees; worth the paper they are printed on?
If I have a borrower sign a personal guarantee on a loan that is unsecured by property, let's say $300K, and he doesn't pay after a while, of course I can't foreclose. There is no security. But as for the personal gua...