Bryce Henson
Tax Strategy - W2 Employee, Part Time Real Estate Investor
Hello all!What tax strategies can I utilize this year? I am a full-time W2 employee and part-time real estate investor in California. I invest locally and out of state in fix-and-flip and buy-and-hold properties. This...
Jason V.
Insurance Company Canceled Policy
I recently received a notice from my insurance company that my landlord policy was canceled on a newly acquired rental property. The property was bought from a sick family member who quit claim the property to my wife...
Patrick Dundon
Umbrella policy after 4th rental property.
Hello, everyone. I just added my 4th multifamily property and was informed by Geico that they would only allow me to carry four homes on my umbrella policy. Was wondering if anyone had this problem and had to resort t...
James Morrissey
Additional Insurance Needed in Cincinnati
What additional insurance - outside landlord & homeowner insurance - would one need in Cincinnati, OH?
-Flood insurance?
-Tornado insurance?
Rajeev Agnihotri
LLC or Umbrella Policy?
I have 3 Properties in NV held in an LLC. In addition, I have 3 Properties in CA - & I am planning to move them to an LLC as well.
I have been advised to get an Umbrella Policy in order to protect my asse...
Nathan Waters
Profit and Loss Statement on Rental Properties.. Mortgage?
When you write up your profit and loss statement, how do you break down the mortgage? Is the interest, taxes and interest the only loss? I'm assuming principal is not written in the loss category even though it goes a...
Rich Hupper
car dealership leasing land?
I wanted to ask if it is customary for car dealerships to lease the land they operate on? I have no idea what car dealerships bring in monthly so I am not sure if they could afford a lease. I am looking at 1.8 acre pa...
Account Closed
Do you carry a businessl liability policy for your LLC?
As the subject says I was curious what insurance products flippers are carrying for there LLC? My insurance agent recently seemed appalled that we are not carrying a business liability policy. Generally with our flip ...
Chad Oustalet
Structuring asset protection
How does everyone structure their future real estate business? I have 1 SFR rental I bought in 2019, bought it with a conventional 20% down under my own name. No LLC in place. I have no LLC, Corp, etc and no business ...
Christine Glasner
A car smashed into our rental property!
Okay, so I get home yesterday and there is a message on my phone from my stepdaughter. "Christine, you might want to check out Facebook. There is a picture on there with a car crashed through the front of a house a...