Gilberto Guel
Finding a Duplex or Triplex
Hey BP members, I am starting out and would like to buy my first home within the next year. I would like to buy a duplex or triplex with a FHA or USDA loan because of the low down payment options that they provide. I ...
Luke Arcovio
First Time Homebuyer, Live in or Rent all out
Hey guys,So I live in the beautiful and expensive Suffolk county area of Massachusetts (boston) and looking at the REI opportunities available to me. I am strictly interested in the MF units of at least 3+ units as th...
Mehran K.
Insurance Advice: $1MIL Liability Coverage - Do I need an Umbrella Policy?
Hi all, need a little advice on Umbrella Coverage.
Right now I'm buying&holding residential properties(1-4) that are under $100k appraised value. I don't plan on using an LLC yet so I can make financing into conf...
Drew Sygit
The Most Important Part of Any Move-In: The Inspection Checklist
It’s always good to stay organized, but when you’re doing something as complex as moving into a new home, it’s not just good — it should be mandatory.
When you’re moving into a new home, especially a rental, ...
Eric Dailey
Anybody have experience with PMG Business Solutions?
I am working getting a line of credit through PMG Business Solutions in Dallas, TX. The representative I am working with is John L. Herrick, who was at the AREA-DallasREI InvestorBLOCK seminar this past weekend. ...
Justin H.
Need tax help with duplex, Schedule E and 4562.
Hey Guys,
I'm pretty well versed with doing my own taxes, using turbotax or whatever.. I have the 2008 home and business edition here.
This year I bought my first house, a duplex. I live in the lower, and the uppe...
Lisa Mason
Home Office Deduction: Schedule E VS Schedule C
I've sort of got this question floating out on another thread, but I want to directly ask:As a landlord with 3 rental properties I maintain a dedicated home office. This is the first year I will be claiming the deduc...
Dan N.
Can a Wyoming LLC own an investment property in ANY state?
I am getting conflicting information from 2 entities that help create LLCsThe property I am buying is in Arkansas, but I want to open an LLC in Wyoming One entity that helps creates LLCs is telling me that the WY LLC ...
Carrie Cavins
If an owner has title in hand, how does the purchase work?
I'm looking at a FSBO property and the owner states has title in hand. The owner claims the only thing that needs to be done is a transfer of title for about $150 (in Texas) with a cash purchase.
This seems too simpl...
Jerry W.
What does your insurance actually cover? Enter Hailstorm
On July 1, 2019 an extremely bad hail storm hit the town I live in. Every roof I own is damaged, some roofs are badly hit, some siding is ruined on one or 2 sides, many windows are broken, and there is broken glass i...