I've got a property that I submitted two vandalization claims for. At the time of the second claim, I received notification that if I file a third non-weather related claim within the next two years, I will lose my c...
I would like to ask the general question which is better to do when transferring deed from person name to business name - Warranty or Quit?
I want to ensure I don't affect insurance - and if so what are the r...
Is is always a good idea to claim depreciation on your rental property for tax purposes? I recently learned that if you sell the property for more than its depreciated value, you'll owe tax on that gain through the de...
Recently, my neighbor drove her car into the deck in my back yard. Long story short, her insurance company sent an adjuster and he determined the deck needs to be demolished and replaced. It is what it is.However, the...
If a couple divorces and there is real estate with a mortgage involved, what is the best way to divide the asset? If a quitclaim deed is used, can the bank release the loan to the other spouse? I know that a "subject-...
I have several rental properties that are in personal name and I heard I have to do a quit claim deed but can some explain what is the purpose on doing this , thanks
Seller does not want to continue with the transaction because it's taking too long however seller syas that she should keep the deposit because of the economic loss caused by the botchered transaction. After a couple ...
Hello everyone,
When I first started in real estate a couple years back, I did not take advantage of many tax perks such as leveraging my cash to purchase rental properties but instead I just bought properties outrig...
Once I got them evicted I noticed they did all sorts of damage. Should I take them to court? i don't really expect to ever see my money. I kind of worry that they may even try to do more damage to the property late ...
Hey everyone,
First timer here to BP but already loving the networking and knowledge in this group. I’m trying to get my first HELOC done so I can continue to acquire more doors. I’m having troubles getting approved...