Mike Hanneman
Tax deferment on 2nd home
I was wondering if there are any tax deferments for selling of a 2nd home and using proceeds to lend to someone for an investment property. Do the standard tax deductions apply when selling a 2nd home? Can you roll th...
Jeremy A.
To take a loss? Break even? Or take a profit? -Come tax time
Hello everyone, I fully understand that every situation is different because of personal income, rental income, differing states/taxes and even marital status plays a roll. I believe that I have a strong grasp on taxe...
Kyle Weinapple
Transferring title from individual name to LLC
How does one transfer the title of a property from their individual name into an LLC. Also, does remove the liability from their name individually, so they can lower their DTI? Thank you for your tips in advance.
Aaron Francis
Tenant who is relocating without a job but lots of savings
I have an application from someone who is relocating from out of state. He doesn't currently have a job (a couple jobs pending), but he has 3-6 months living expenses in savings. Anyone ever rent to tenants in similar...
Michael Furey
How much commission should I offer on a flip?
I have a house I’m flipping and recently got my real estate license to list my properties myself. I know the standard commission is 3% for each side, but do people in this situation usually offer the buyers agent a sm...
Alex Penalva
Appliances - Should I provide Or not?
I recently purchased a rental property in Missouri, a duplex and I am just curious if I have have to provide the tenants with any of the appliances ie. stove, refrigerator, etc.?
Ryan Horan
Homeowners Insurance for 1st Rental Property
We have our first rental property in Indianapolis under contract and I've received a couple quotes for homeowner's insurance, 1 was nearly double the other. I was hoping there was a standard amount of coverage/deducti...
Aaron Landau
What are the challenges of buying a very old house?
Hello all!I am looking at purchasing multi-family house that was built in 1850s. I understand that a home this old obviously needs a lot more attention then a newer build. I am not looking for feedback of ROI and all ...
Alecia Loveless
Income Requirements for Section 8 Tenants
I have my first Section 8 applicant. Their voucher covers the entirety of the rent but I’m curious what type of income I should require for approval as what they report for their monthly income is so much less than I ...
Tariq B.
Florida Insurance contact for aluminum wiring.
Curious if you know of anyone who will insure a property in Florida (pan handle area) that has aluminium wiring or a company that will insure one that has aluminconns connections. Thank you