Patrick Philip
Why even get insurance on a rehab?
If I don't have a lender requiring it, most stuff like theft and vandalism would never even match the deductible.I just went through the largest hurricane I've experienced in 30 years and had no damage to my flip or p...
Brandon Ingegneri
$35K profit double assignment
Recently, another investor that I have done tons of business with over the years called me because he came across a house that he knew I would like. Up and coming neighborhood that I knew really well, multi family th...
Scott Trench
Better to Have $25K in Cash and No Debt OR.....
It seems like the folks that are actually succeeding at a high rate in real estate have lots of cash, little debt, a strong savings rate, and excellent credit. The folks that are buying while lacking in those areas su...
Dee Bearden
Renter wants modifications to lease, need advice
I'm using a standard North Carolina lease I found online and my renter wants several changes. Any advice on these? I don't have a lawyer on retainer. The first few seem potentially problematic...23. Indemnification –...
Joshua Dorkin
Rights & Responsibilities of Landlords in a Post 9/11 Wo
I found the following and thought everyone should read this:
Rights and Responsibilities of Landlords and Residents in Preventing Housing Discrimination Based on Race, Religion, or National Origin in the Wake of the...
Fiona Humphrey
Renting to a Residential Care Facility
Hi, I am in negotiations to purchase a property in Sacramento, CA which has an existing lease with a Residential Care Facility. The price and the rental income are good. I have looked up the license of the business wi...
Jesse Liu
Newbie LLC tax question
Hi guys, newbie question here. I have been considering forming an LLC and I'm unsure which one to go by. I was told single person LLC is most popular and you could include your spouse. My wife works at home and mak...
David Soest
Will I have to pay a big tax after a sale?
I bought a house, owner finance for 40K last year.I've been living in the house and redoing it with my own money. I hope to sell it soon for 100K. I'll need to pay off the owner finance so I hope to walk out with 60K....
David Miller
Giving equity to contractors
I have a contractor who we have used for our past couple of flips. I have considered giving him equity in a deal rather than paying in him for his labor. I was just curious, would this be a wise thing to do? The up...
Rich Weese
If you're old enuff, you'll meet a few CROOKS
I posted an article this morning about Rick Koerber, from Utah Conty, Utah. He has fleeced a few thousand people and is probably going to prison. I mentioned that he is of my same religion, I'm sorry to say. During my...