Robert Reineri
Primary Residence To Rental Conversion
Converted on October 1st. So for this tax year, I'll have 3 months of depreciation and all those other "taxy" things, right? (Rented the property in one day on market).My question concerns the split between personal a...
Lee Guinn
mobile home wholesaling details
I have a question about wholesaling mobile homes. Is the title involved when wholesaling? And what does the contract for it look like?
Joshua Greenberg
Lending capital to a friend, contractual obligations
A friend of mine would like to borrow 90k to do a full reno on a project he has just purchased using another 90k he was able to acquire through a conventional mortgage. We have been friends for many years and I am con...
Rick Michaels
Insurance on duplex - Primary Residence with Storefront
Hello, I purchased a duplex property with a storefront as a primary residence. I am now interested in renting the downstairs storefront to a business. This will cause me to need a commercial insurance policy. Is t...
Latrice Crawford
The Longest Rental Agreement/Lease
On a past podcast, the guest had a long (maybe 30+ pages) rental agreement for potential renters. Does anyone have a copy? Would anyone like to share his/her experience with lengthy leasing contracts. Personally, I wo...
Joe S.
How to lease out a small commercial building in Texas.
The steps to lease a small commercial building in Texas. Is there a special commercial lease or screening process I need to be aware of? The property is in San Antonio Texas. I am looking to lease it out as the Landl...
John Lee
Umbrella Policy require auto insurance to be $250k/$500k/$100k?
Currently asking my insurance agent to purchase an umbrella policy and an auto insurance policy.He said that I cannot have umbrella policy unless my auto insurance liability limit is $250k/$500k/$100k.He also said tha...
Tyler Haskell
Is my purchase agreement contingency okay?
Hey all,I have three properties I am about to sign purchase agreements for, and it is an investor to investor sale.Everything about the deal gives me a warm and fuzzy, less one condition. But it may very well be the s...
NA Gav
Tenant Screening without Agent
Hi all,I have a condo in a high rise building in Chicago where the current tenants are moving out. For the prior lease I used an agent. This time I am using Zillow to reduce on agent commissions. I have 1 interested p...
Eseta Matasau
Earnest money/Closing cost questions
1)How much is generally required for earnest money? Is there a state standard percentage of how much money is needed for EMD? (I live in CA, btw.) or is it just negotiable?2) Can you use a credit card to pay for the e...