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This question was inspired by the discussion entitled "Caught Tenant Smoking Weed" started by @Faisal Farnas. As marijuana becomes legal in more U.S. states, many landlords and homeowners will find themselves facing t...
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I have two rental properties in Missouri. Both with a mortgage. One of them has $25k left on it and the other one has $90k on it. If I pay them off in the next few years I would be cash flowing right around $1,800/mon...
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What is the tax treatment for the different income streams from Lease Options? Is the Option fee self employment income (business income) when rec'd by a "future potential buyer"? Can the monthly income be "rental i...
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Ok, I have 3 properties under my LLC, Wiregrass Property Investors, LLC (WPI). My wife and I are owners. We make $40,800 a year in rents, before taxes. I also have an umbrella policy to cover my personal assets.
I h...
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Ok I really need help I just bought this property and the tenant has dogs. After looking at the contract the tenant isnt allowed dogs according to the contract. When I approached the tenant about it I found out he has...
Hi guys,I need some advice from the pros on if and how I should try to grow my parents real estate portfolio. My dad invested in some real estate 10-15 years ago. He has 6 investment properties and his primary home. H...
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https://reason.com/2020/03/25/...
The state of New York has a bill to CANCEL rent for 90 days for workers affected by the virus! This isn't deferring rent payment; it is waiving it.
Those landlords who have mortgage...
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I plan to buy a rental property with cash from personal assets (stock market) and I plan to have the title held in an s-corp, for liability protection. Is there liability protection value in having the s-corp borrow...