Kathryn Baker
Multi Unit homeowners insurance
Hi,
My husband and I are closing on our first multi unit house next month in Rochester, NY. It is a two unit house and we will live in one unit. I am shopping around for home owners insurance and want to make sure th...
Sean Kuhn
I have an LLC, now what?!
I have an LLC and I'm wondering what all I can do with it. I'm not interested in the liability part, more interested in commercial lines of credit and having business credit cards that don't show up on my personal cre...
Account Closed
TX DBA filing at State vs County
My question is specific to Texas since I assume the answer may differ from state to state. However, I would be interested how other states handle this as well.
I understand that a DBA can be filed at the State level ...
Matthew Rinaldo
Property Managment contract question
I am about ready to rent out my first LTR. I feel more comfortable with a property manager for the first one at least. The cost doesn’t seem that bad and won’t hurt cash flow that much. In the contract they state that...
Jacob Sherman
Debt to income ratio
Im new to real estate and I’m hoping to purchase my first property soon, but trying to get my ducks in a row first. My question is this:If you purchase a property within an LLC with a conventional loan, and I personal...
Alik Levin
Car cost 100% write off as 179 expnse
Dear all,I am readding NOLO's article referenced at the end about how new Tax Law changes 179 expensing.Do I read it correctly that I can write off a car cost (new or used) 100% using 179 expensing?My scenario:- Me an...
John Woodriff
How to define "Occupant"
I seem to have a reoccurring problem with tenants in a basement apartment moving in, and their partner lives with them a majority of the time. How does one define "Occupant"? I use a month to month rental agreement...
Andre Freitas
BRRR Strategy Doubt - Financial Instrument
Hello EveryoneIn using the BRRR strategy, when you refinance, what is the financial instrument that you use ?I ask that because a Mortgage is limited to 10 applications per lifetime, right ?So when you go to the bank,...
Martin Bishop
Self-Constructed Real Estate Depreciation: FMV < Basis
Hello,
In general, your depreciable cost basis for newly constructed real property is the amount you paid to build and acquire the property. However, what happens if the FMV of the property is less than your total c...
Doug Karkow
Insurance Referral near Seattle
I'm under contract for my first property in the Seattle area - a duplex in Puyallup.Assuming I get the property, does anyone have a referral for an insurance company? And what coverage is needed - just the building, a...