Michael O'Brien
Primary residence and renting - 20% pass through deduction?
I just bought my first house and was wondering if it would be beneficial to make it an LLC for the 20% pass through deduction. My girlfriend is paying half the mortgage which would come out to a bit over 5k per year. ...
Arzu Alimjan
Operating Agreement for LLC
I am looking at creating an LLC with a friend where we would like our joint venture/partnership to be 50/50. We are trying to determine what the contract terms should require for short term rentals versus the standard...
Ivan Oberon
Installment # 7 Insurance Issues for The Real Estate Investor - LIABILITY Continued
LIABILITY - Continued Always carry as much liability protection as you can afford. As a minimum, you should carry $1,000,000 per occurrence. The larger your portfolio, the more liability protection you should have. Su...
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Legal Advice for All Investors
I found some good legal advice for contracts, documents, consultation it really helps for me getting my deals together and making sure I stay in the guidelines of real estate
www.prepaidlegal.com
[edited by administ...
Casey Culver
To claim or not to claim?
Hello Everyone!I have a leak in a hot water line in one of my rentals in Alabama. I've been told it'll cost $1850 to fix, and will require busting up 1-2 tiles, cutting some drywall, drilling hole in concrete, fixing ...
Rachel Zhang
how to get payoff info from a subject to loan?
We bought a property in CA at a trustee sale with an existing senior lien under the previous owner's name. Now my title company and I are having difficulty in obtaining payoff amount. By standard, the serve company...
Jamie Jones
Accept The First Applicant Who Qualifies or Wait for the "Perfect" Tenant?
Hi BP, I am curious the process others use when screening potential tenants to fill a vacancy (with a standard 12 month lease). I own 4 buy and hold units and have a fixed standard I use that weeds out a lot of folks ...
Justin Silverio
Personal Guarantees?
For investors with a business over 2 years old and who have a business line of credit or business loan, are you still providing a personal guarantee? I've talk to a bunch of local banks over the last couple of weeks ...
Salvatore Giancola
Dryer responsibility, tenant or landlord?
Recieved below email from my tenant :'The dryer has been acting up the last couple weeks - today it official stopped working and I can’t get it going. Would you be able to send someone out to look at it?' Is it the la...
Sharoslyn Smith
starting mobile home park rental
Any suggestion of how to start? Home based, LLC? funding for landscaping and land development such as leveling, utilities poles, water, sewer lines. The property is located in Omaha Texas