Lingo Lin
How to create a “Family Bank” without using Whole Life Insurance?
I live in New York, and have family in PA, NJ, and FL.I have a family of about 25 members who would like to pool their savings into one account, and each member would like to have the option of putting their savings i...
Mindy Nicol
Guest requesting full refund due to rain
A guest just contacted me asking for a full refund for her week’s stay. She was due to arrive today. She claims there is rain in the forecast for the next 5 days and also that it is too dangerous to drive. My cancella...
Danielle Cage
Insurance Cost Mixed Use Building - Illinois
Hi,I have my first multi unit under contract located in Illinois. It’s a mixed use building with 4 units. 3 are being used residentially and 1 as a business.The business is a studio with no equipment inside. There is ...
Olu Owasanoye
Multi-Unit First Time Buyer Live and Rent... Set Up LLC or Not?
Currently looking to purchase a multi family or duplex property to live in and rent other unit out. Is it best to set up a LLC? will it have tax benefits or not? just trying to figure out what's best practise
Shane Barrows
When to buy whole life insurance
Ok so I grasp how whole life works.
But in order to use it correctly should I have a lump some ready to put in on first payment.
Example 50k policy 4% return 2k first payment required monthly after that is $35
So...
Dean Suzuki
Where do folks put their emergency cash reserves?
Hi,
I have been reading the posts and have set aside money for an emergency funds for our rental properties. The funds are currently sitting in a bank savings account earning close to 0.01% interest. I am w...
Kevin Parnella
IRA as down payment
Hi all,I Good afternoon. I love the board. I've been reading through the posts and have learned quite a bit.I am in the mortgage industry and know general guidelines. I'm looking to try and figure out ways if using my...
Scott Trench
Investing in Blue States > Investing in Red States
Intentionally triggering headline for this community, I know.
But, hear me out.
The policies that are so obviously destructive in many blue states (rent control, NIMBYsm for zoning, high taxes, regulations, fees) ...
Lauren Kail
Started LLC out of state, reconsidering that decision, now what?
I started a single member LLC in Utah upon recommendation very early in my real estate journey, probably sooner than I should have. I'm finally going to be "doing business" and purchasing a property to hold this year ...
Adam Craig
Do I have enough protection?
Do I have enough coverage for my 12 rental properties
All properties are under a LLCMy home insurance covers up to 1MIL per occurrenceThey are managed by a professional management companyNot exactly sure if I am sti...