Bill Campbell
In-law suite house hack??
I'm looking at purchasing my first property as a house hack. Where I live in Rhode Island the amount of multi families are limited, but quite a few house have in-law suites. I found a nice 3/2 that only needs a litt...
Cheryl Olson
Satisfaction of Mortgage , Foreclosure
I purchased a foreclosure property in November 2023. First mortgage paid off as well as all other parties (attorneys and surplus, etc). The clerk of court has satisfied this and all monies are out of the registry. The...
Maiko Miyake
Could LLC harm the chance of getting mortgage?
I was just talking to a CPA about setting up an LLC to hold my investment property. He cautioned me of this approach (although he thinks it makes sense from asset protection stand point) lenders may not give me mortg...
Leah Hill
Note holder not allowing sellers to sell
Hey all!Happy Saturday! We are under contract on an investment property with a closing in two weeks. However, we were informed today that our closing has to be pushed off to a far-off future date (rate will no longer ...
George Habator
Filing tax for rentals transferred from trust
Hi, all. Here's a question for the tax pros. My grandparents left rental property in a trust, of which i had a share. (The property is in CA, if it matters.) In March of '21, the trustee transferred title of the prope...
Jason L.
How to charge for plumbing bill when two units share one drain?
A plumber recently came out to my duplex and found paper towel that clogged the toilet in unit 1. The thing is that the drain is shared by both units, so technically the paper towel could have come from the unit behi...
Carlos Licon
House Hack Details-Water Subdividing/Rent Collection/Insurance
I am currently looking at a Triplex to house hack, however the numbers do not look great and I am looking at ways to try to optimize them. 1) I often hear Brandon Turner say to Subdivide/Submeter the water utility tha...
Max James
Easement not disclosed, want to terminate contract
A co-worker of mine is in a sticky situation.He is currently under contract to purchase a home which has an easement on the property that takes up about half the yard and is a deal breaker for them. The problem is th...
Marcus Isaac
Renting rooms in an illegal duplex?
What would be some of the problems that may arise with trying to rent rooms in a property that has been illegally converted into a duplex? It was a 2-story sfh that now has a unit on the bottom and a unit on the top, ...
Manmath D.
How would you handle this situation ?
So my tenants that live in my duplex got a dog that is not well behaved and destroying property. I'm sending them a notice today, what corrections would you make to this. *Insurance agent quote is just make up story b...