Just signed the purchase agreement for my first investment property!!! it is a new construction 3 bed/2.5 bath townhome. I have a question regarding what kind of insurance i should get. The HOA includes insurance for ...
Hello all, The following situation is concerning proper accounting and tax code.My understanding is that I can lend via promissory note to my LLC at a reasonable rate (I plan on applying the 10% rate that is charged b...
If right of redemption is purchased from an owner whose property deed was sold at tax sale, do the excess funds (if any) belong to the purchaser of the right to redeem or the owner before the tax deed was sold?
I am in the process of getting another property and I would like to shop for insurance. I appreciate in advance any recommendation.
Hello, Leaving my primary home to my new primary home. What do I need to have in place besides LLC, landlord policy, and rental agreement? Thank you
Is it normal for a property manager's agreement to take the tenant's security deposit and hold it for the life of the lease? A PM I considered stipulated this in the contract. It also put the liability on me to pay it...
Investment Info:
Condo fix & flip investment.
Purchase price: $229,100
Sale price: $352,000
1 bedroom, 1 bath condo with a bonus living space adjacent to the living room. Acquired at foreclosure ...
I have bought and sold over 150 properties year to date in Memphis. I currently own 90 rental properties along with 6 commercial buildings here in Memphis. I also own the local REIA here, Mid-South Real Estate Inves...
Background: Tenant broke 1 year lease, which would have ended Dec 9th. She had some late fees accruing and didn't pay October 10th rent, and let me know Oct 12 by text that she was breaking the lease but wanted to sta...
First, please, please, PLEASE don't comment just to tell me to ask an attorney. I am going to ask an attorney. Here, I'm just looking for anecdotal info from anyone who's dealt with a situation like mine. I understand...