Joe Black
FIRE IN A RENTAL PROPERTY
HAD A RECENT FIRE IN A RENTAL UNIT IN MASSACHUSETTS. THE LEASE LISTED A SINGLE TENANT. THE TENANT HAD A FRIEND LIVING WITH THEM. HOW DO I HANDLE THE SAFE LEGAL WAY OF GETTING RID OF THE FRIENDS PROPERTY. THE FREIN...
Dustin Erlewine
Flipping Business and Rentals....Different LLCs?
I am looking to meet with my account and figure out how I can avoid Uncle Sam's wrath. I want a LLCs for my rentals, however should my flipping business be a separate LLC or the same? I market to houses with my bus...
Allen L.
Termites during inspection, next step
Under contract on a property with signs of termites. From the termite inspector, there doesn't appear to be active termites, but there are "Evidence of termites staining, partial shelter tubes observed sheetrock in cl...
Christopher Boggs
Wood vs. Composite Decking Material
I am in the middle of a rehab on a future rental property. The current decking was only 2x4's and was damaged by a leaking roof, so I have to replace the decking boards and railing. I can't decide whether to use compo...
Art Maydan
Mouse Infestation - Tenant Reimbursement?
I have a triplex with an ongoing mouse issue I'm dealing with. Only the top two units have mice. I've done a lot of sealing and had an exterminator come out several times, so hopefully they'll be gone soon between wha...
Jay Thomas
Multifamily Loan Option
I am looking at a 7 unit multifamly property that has been deconverted into 7 condos with 7 different PINs. They are all under a single roof and currently rented out. Im currious the kind of loan option available for ...
Alex T.
Buying 2 Second Homes
Hi All, I am trying to purchase 2 condos within the same community in Florida. My lender says if both homes are in my name then they want 25% down on the first property treated as a "second home" and 30% down for the ...
Francisco Gomez
Tips on real estate school
Starting real estate school any advice or suggestions? Especially tips for the tests?
Amy Gardner
Termite tenting an occupied unit
Hello,I'm interested in a MFU which is fully occupied. It is also showing signs of termite damage which needs to be repaired and treated. From what I have read, tenting is the most effective way to treat termites (alt...
Tom Abbot
LLC tax filing for spouses
We recently purchased a condo that we’ll be renting out and formed an LLC naming both spouses. I’m not sure how to fill out the ‘Federal tax election’ section on the LLC request for information form tr-570 from NYS....