Debbie C.
Question about 1031 and 121 exclusion
I have a question for tax experts out there. Let’s say I did a 1031 exchange and chose a replacement property worth 100k, fully paid with cash from the exchange. Then I rent this property to my son and after two years...
Willie Flint
Transferring 2 properties from personal ownership to LLC
Hello experts,
We have 3 rentals, 2 with mortgages, and started an LLC. We are buying more properties for sure and want to do things optimally. Does the bank allow transferring title to an LLC, or will require a re-f...
Brad Penley
First Time Flood Insurance buyer, any tips?
I'm putting an offer on a multi-unit duplex in Panama City Beach, FL. After I submitted the offer I found out that I need flood insurance. Where should I go to find the best rates on flood insurance in that area? I'm ...
Ronald Cooperman
Home Warranties pro and con
We buy and hold older properties usually 100 years old in Jersey. Most properties come with a tenant. Can anyone reccomend a warranty company and tell me what is covered?
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...
William Ring
At what point does it become too hard to do your own taxes?
A bit of background, I did my taxes myself for the first time last year. It was the first time I had a salary job and/or sold some stocks, and my dad had previously done them for me while I was looking over his should...
Kevin Kim
Mold Issue - Should we sell or hold?
I have purchased half duplex in Connecticut a year ago (home price seems to be up 10% since i purchased). This house was very nice and clean (build later 1980) My tenant recently claimed there is mold on 1fl (it is li...
Roberto A.
Rental property depreciation
hello experts,Unfortunately we didn’t depreciate our rental property for years, can we start this year by putting 0 for all previous years and use the value of the house when originally bought minus the land value?Tha...
George B.
Section 8, LLCs, and Asset Protection
Hi all, I have a question about asset protection strategies and Section 8. My LLC recently closed on a property with a Section 8 tenant already in place. My original intention was to open a separate LLC that would b...
Lance Jeter
Is Builders Risk Insurance Necessary for Renovations
My wife and I have a triplex under contract and once we close, it'll be undergoing a 8-12 week renovation that'll cost about $95,000. Has anyone used a builder's risk policy for renovations? Would I have adequate cove...