Harman N.
What happens if house prices go down after HELOC appraisal?
Hi all,Let's say you get an appraisal and open a HELOC, and some time later house prices in your market come down. What happens if:1) You've already taken a draw from the line of credit2) You haven't drawn on itI'm gu...
Basit Siddiqi
DP1 vs DP3 Coverage - Which would you choose?
Hello Everyone,I am closing on my next investment property next month and I am down to choosing between the below 2 insurance policies.I will have to admit - I chose the cheapest insurance policy on my first rental an...
Isham Zabala
What responsibilities does a landlord have?
I am currently buying and replacing my tenants air filter. Is it my responsibility to purchase and replace the air filter for my tenants, or are they responsible for that?Thank you!
Wesley W.
90 Day Rent Abatement bill being drafted in NYS
https://www.nydailynews.com/coronavirus/ny-coronavirus-senator-gianaris-calls-for-rent-suspension-new-yorkers-20200319-unw3kcrtbnhvbnvkvymskhjdv4-story.html
I'm not sure what to say other than a 25% decrease in annua...
Robert Fountain
Heat not working - Part will take 3 days to arrive. Advice needed
Yesterday I received a call from my tenant saying the heat wasn't working. I had my HVAC guy over that afternoon and he identified the problem. There are 2 parts that need to be ordered and he informed me they will ...
JL C.
Husband and wife LLC: member-managed vs. manager-managed
We (husband and wife) are about to acquire rental property and form our first LLC. From an asset protection perspective and a tax perspective, what are the advantages and disadvantages of choosing a member-managed vs....
John H.
Winterized REO's
Anyone notice that almost every house with a orange "winterized" sticker on it has burst pipes?
Maybe I can get a hold of the banks and get my 5 year old nephew a job, he loves putting stickers on things.
David Malaguti
Who pays the deductible on a master insurance claim?
A little background, I own and live in a unit in a 4 unit condo. About 6 years ago, I became the treasurer of the condo association, mostly because nobody else wanted to do it. The previous treasurer knew almost not...
Account Closed
Separating heat per unit.
I've recently purchased my 1st duplex. The previous owner had the heating (hot water) upgraded. He separated the plumbing per unit on a one boiler system. I've made the decision to have a 2nd boiler installed so my te...
Aksel A.
Multiple independent loans at the same time
Greetings everyone and thanks for your help.Got a question here on the rules to apply for multiple sources of lending simultaneously.Illustration: Let's consider an investor working on 2 deals A and B at the same time...