Owen Dashner
BRRRR - Capital Gains on Excess Funds Borrowed Over Basis
I'd like feedback on a BRRRR scenario from folks who are in the know about taxes related to capital gains. Let's say you buy a property for cash in an LLC, taxed as a partnership (you have a 50/50 partner). It is bo...
Jack H.
Reasonable Carpet Cleaning Fees
We have a friend who recently moved out of their rental in Virginia. Its a 4 br / 3 ba SFH and about 3,000 sq ft and no pets. The landlord kept their entire security deposit including $1,950 for carpet cleaning. That ...
Diana Tian
lot size value
i have a general question: for two houses in the same street, in very similar condition. one has 40*100 lot size; the other has 25*88. would their prices be very different?Is there any way to price lot size?Thanks,Diana
Scott Mac
How Does an Umbrella Insurance Work
So many in here seem to like Umbrella Insurance compared to an LLC.
I'm an LLC guy, but I have some questions about your experiences with Umbrella Insurance.
Both owners and Insurance Sales Experts are invited to co...
Ragnar Lothbrok
Property Manager - Excessive Maintenance
Good afternoon all,I have recently put both of my rental properties in the trusting care of a property manager. Things seem to be going well, I drove by both properties the other day and they seemed to be in good shap...
Damon Albers
tenants breaking leases and excessive damage make it hard to be profitable
Hi,
I have two houses that I purchased from Memphis Investment Properties (M.I.P.) who still manage them. Property one is a 3 bdrm 2 bath with a garage that rents for $1,350 and property two is a 3 bdrm 1 bath, driv...
Austin Tam
Grass Cutting - How Often
How often is everyone getting their grass cut in the warm and cold months? My property manager recommended once a week in the warm months and twice a month in the colder months. That comes out to $120/mo and $60/mo ...
Martin Kazimir
wholesaling
if a property is going for foreclosure we buy it for less than arv what happens to the existing mortage
Ashley K.
Is Property Management company gauging me on Make Ready fees?
I am working with a property management company to rent out my home. These fees seem exorbitant to me. I have asked if they take a kickback and they said no.$2,000 to make Ready Home (750 sq foot, 1 story home) ______...
Joshua Andrews
Forclosure, Equity & Notes
From a note owners perspective, I'm a little confused regarding what happens to excess equity when the note owner is forced to foreclose.
Lets say for example, I own a 2nd mortgage. For simplicity lets assume...