I came across an interesting Duplex that would appear to be cash flowing well however I was told that both units are occupied but have no lease or deposits. Is this a recipe for disaster? If you were interested how wo...
New Scam Alert for Rentals - See if anyone has heard of this. We have a rental property in Texas. We were trying to rent for modest amount $1000 per month. Someone applied. Made plenty of money so we decided to procee...
On year five of owning my rental, 3 BR. 2.5 ba. house I purchased in 2004 around the time of the peak pricing of $295,000. My current rent of Is $1,795 per month. This property is 4 minutes walk to the medical cente...
Hey guys, Here's a deal that I'm looking at and need some advice on how best to proceed...SFH $149K, comps show $170kSeller is willing to take $65k (his equity) and have me assume the mortgage (84k, $650 / mo). He cal...
Is there anyway you can take the equity in your house now while the prices are high and save it for when real estate gets cheaper while avoiding capital gains. The 1031 only gives you 180 days.
Hi BP. I currently have about 8 rental homes under an LLC. 2 are being rehabbed and do not pass the four point inspection and are vacated. I have contacted several insurance agents for quotes/coverage strategies an...
My question today is the life insurance premium we are contractually obligated to carry tax deductible. Long story short, as part of a land contract we have to carry life insurance equal to or greater then the amount ...
This is regarding a tenant occupied property that has needed a new roof for 6.5 months (hurricane Michael). The public adjuster has been working on this for me for five months to expedite the payout. The public adjust...
In a separate thread there was a discussion of using whole life insurance to shield income from taxation for business owners with a payroll. My understanding is that this technique is used so that the owner with payr...
I’ve a rental property in WV with only landlord’s policy on it. Reading here I realized it’s safe to have umbrella policy, just in case. I had called progressive agent that I’ve landlords policy asking about needing a...