I'm interested in starting a discussion on easy ways to figure out appropriate amounts of dwelling and liability coverage to purchase for a rental property in a given area. I don't see a lot in terms of resources for ...
I'm looking at a 9 unit building.
All one bedroom units
Monthly rent is $7450 annually $89,400
Building age 46 +/- 1
Cap rate 5.22%
Asking price $989,505
How do you use the rental price to get to a building value?
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Hello. In an effort to simplify a seemingly complicated situation, can anyone recommend a qualified professional who has experience with providing accurate discounts to fractional shares of real estate? We are hoping ...
It seems the definition of a bed room in Minneapolis is 7 feet in any direction. MANY listings count rooms as bed rooms that clearly do not align with this definition. Do rental licenses note how many legal bedrooms a...
I have never done my own tax return. Well not since I had a w2 only myself. We own 3 rents properties. State and local nyc taxes. Our accountant wants 1k to do our tax return. My wife thinks we can DIY using turbo tax...
Hello everyone, I am looking for a real estate lawyer in Houston, TX, who can help with putting a correct structure for my rental properties. Does anyone have any recommendation or experience to share? I searched some...
My first private loan has been a great success! I'm expecting to receive the final payment from my borrower--always on-time--in a few days. My question is, what now? I think the county Register of Deeds (Wisconsin)...
How would you account for appreciation/upgrades to a new construction build from a Cost basis perspective?Ex) Original build was estimated to be $500k, however during the build upgrades were selected such as windows, ...
In the past year I have set up 4 different LLCs using LegalZoom.I found it to be fairly easy to set up and it has worked out so far.However, I recently read a book that mentioned LegalZoom has had instances where some...
I recently bought a piece of property in my hometown. Prior to closing, there was some issue clearing the title. Not sure what exactly the issue was, but I do know the seller was one of those Quiet Claim deed compan...