Adam Craig
What amount should I insure the house for?
I am shopping rates on my 10 rental properties. The agent from American Modern asked for a dollar figure I wanted to insurance for. My guys at Nationwide never asked me this they just insured for a set amount.Example ...
Karen Pendergast
Can you finance a property after purchasing with cash?
Hello! I own a rental property (townhome) that I paid cash for from an inheritance three years ago. The property is in an LLC, and I am the sole owner of the LLC (I'm married); property value about $300K at this point...
Kumar Gaurav
LLC for rent collection
Hello,I own a multi-family rental property and I dwell in one of the units. Are there any benefits if I collect the rent from other units through an LLC vs encashing cheques in a personal account?On a side note the mu...
Ross Benedict
Do I need an LLC when starting up a small real estate business as a second source of income
hi guys, quick question for anyone that can help me out. I'm currently beginning to dabble with the idea of buying and selling vacant land. As I already work this will start as more or less a hobby as I learn the rope...
Scott Weston
Highlands Cashiers Market
Really interested in investing in this market and would accept a relatively low return (or even a break even scenario because i believe in continued appreciation potential here). Ownership demand here seems to heavil...
Marc Shin
contractor is threatening to take me to court
I've been working with a contractor on some renovations and they are threatening to take me to court. We do not have any signed contracts in place. What we have is a good spreadsheet with a list of tasks, and as the...
Stephanie Banno
S-Corp and LLC? Tax Attorneys in Austin, TX area
Hello All!I was recently advised that the best way to setup a new investor business is create two separate companies. Both a S-Corp and LLC. I was advised that an LLC should ONLY hold property (up to $1M) while the S-...
Paul Allen
Married Folks: Joint or Separate Bank Accounts?
Just curious how the DIY REI married crowd handles banking. Is your money merged? Is your money separated. Do you take a hybrid approach? Does being a RE Investor influence that decision?Wanted to take an informal pol...
Josh Matteson
Sell and Buy, or Heloc and Rent?
Hello BP,I’m deciding between 2 options and would love some guidance. Our family just grew and we are looking to get into a new home. Our current mortgage has built up quite a bit of equity over the last few years and...
Jonathan Roberts
Rehab Financing for Already Owned Property
Hello, TLDR: Work-ready SFR for full rehab on owned property, purchased for $125k in August 2023, needing $160k for rehab (total costs $285k, ARV $420k). I am looking for a private lender to finance my rehab on an alr...