Account Closed
Solar Panels as investment on Personal Residence
Hi all, My wife and I live in a small town that wholesales our electricity to us. That results in our electric bill being higher than surrounding areas. Already this year they have raised the cost of electricity resul...
Account Closed
One reason that banks aren't lending
I read an interested article:
http://needamortgageloan.wordpress.com/2011/05/25/would-you-pay-your-bank-to-not-make-you-a-loan/
Essentially banks have parked 1.2 trillion more in reserves than is required for balanc...
Michael Palmer
Umbrella Policy $3 million to $6 million in coverage
I currently have a $2 million umbrella policy and would like to get a policy that will cover me in the $3 million to $6 million range. I would like to know if anyone could recommend an insurance company along with a p...
Chris Fusco
Insurance claim & Taxes
Hello,
Just finished my 2022 taxes but it made me realize I have a situation for 2023 taxes that I don't know how I'm going to handle. Here's the situation:
- Had a pipe freeze during a cold snap, led to fairly exte...
Chris McKinley
Lessons learned: Courtesy of the PROPERTY TAX CODE
I recently learned a few lessons in property taxes courtesy of the tax code and my mortgage company that I wanted to share so they don't catch anyone else off guard. In 2014 I purchased my first house down in Phenix C...
Josue Guzman
Pet fee, pet deposit AND pet rent...
Hey, BP!I thought I would post this question here since I'm planning to own rentals myself. I'm planning to move after I get married later this year so my fiancee and I are looking for potential places. We found a com...
Jeff Wang
Landlord/Umbrella Insurance
Hello,
I have one investment property which is a SFH. I have the option of going with a landlord policy with $1M in liability coverage. I can pay $300 more per year to get that to $1.5M using the umbrella/excess in...
Eric H.
A Note with an Option to Purchase
Hey BP Fam,I have been working with a motivated seller for about two months now trying to make something happen. He needs the money for another business venture and his business partner is putting pressure on him to m...
Ali L.
Solo 401(k) funded by LLCs
Hello. Has anyone created a Solo 401(k) to invest excess real estate income, primarily for investment? I am wondering about tax implications, as real estate income is usually considered passive. In addition, LLCs are ...
Marie Amber
Protecting animal rights
HOA should stay out of owners and tenant agreements. They should not be allowed to fine nor threaten regarding pet policy. The HOA should only worry about outside issues like leash policy or picking up defecation. ...