Mark Kao
HOA master policy and water damage
I recently had a condo receive water damage from the unit above, there was enough water that it damaged my unit and the unit bellow me. Apparently there is what's called the master insurance policy that is supposed to...
Hugh Carnaha
How does market dip effect the FI people living off investments?
Howdy Guys!I listen alot to BP's Money podcasts. I know that the Corona virus has spooked the market down by 12% in the last few days. And I know it is generally held that it won't matter what we do if you hold for th...
Stephen Sloane
Water Leak, big bills...
Hi everyone, I have a five-unit building; there appears to be a water leak somewhere (the water bill is over $300 where it's usually around $90). Apart from broken toilet flaps/faucets, I'm assuming it's somewhere in ...
Devang Teewar
Need Advice from Investors
Hello Investors, I jut got to the bank for my mortgage pre-approval to see how much I am qualified for. And to my surprise as with the new rules, they do the stress test or qualify at 5.14% interest rate and looking a...
Sam Mann
Min. Amount of Capital Needed
What is the minimum amount of capital needed for someone who currently is not working, to purchase a commercial property, such as a motel, with a down payment of 20% and getting a mortgage from a bank, and being able ...
Taylor Martel
Tenants stained new epoxy garage flooring - can we charge for th?
We have a larger rental home in TX that was built 2017. In August 2018, we had epoxy flooring installed in the 3 car garage. In November we vacated the property and had the place professionally cleaned. Property was v...
Bhaskar Upadhyayula
Tenant trouble in Austin
I own a 4-plex in Austin, TX. Yesterday night, cops arrested one of our tenants. We came to know through another tenant that cops were on the property. Digging in to public records and calling police, we found that te...
Paul Kessenich
Short Term Rental Business Plan for Portfolio Lender
Hi Short-term rental experts,I'm talking to portfolio lenders about a mortgage on a short term rental I'm looking to buy in Ann Arbor, MI. They are asking for a business plan and I'm wondering if anyone has a busines...
Margaret Payne
Tenant wants security deposit refund in cash
I purchased my first house hack that was fully occupied at the beginning of April and provided a notice to vacate to one of the tenants to move out by May 31st.He has let me know he found a place and would be out soon...
Joe T.
Double taxed by paying yourself through LLC?
When you pay yourself through your LLC do you end up getting taxed twice?(first time for LLC earning the money, through rent for example, then the second time when you pay yourself a salary)I feel like there should be...