Have the following : a primary res in NYC valued at 800k,2 investment 3 fams in New Haven, CT each valued at 150k cashflowing 15k each per year, and an investment condo in Baltimore, MD valued at 100k cashflowing 10...
Good morning, BP! We recently completed a renovation on our rental home. The contractor told us the work would take 10 days to complete, but it actually took 2 months. Anyways, he promised us that he would pay us for ...
Hello! I had an acquaintance with a real estate investor not long ago. He self-manages several properties, but also has a full time job which keeps him on the road quite a bit. He said that he purchases a home warrant...
question for those who claim the home office deduction: So I have 3 properties total under an LLC as well as my regular full time job. I have a room in my basement where I've always kept all books, a desk and have us...
I am looking for new insurance at my property in Indianapolis because my current policy seems expensive.
Hello all, I'm new to this website and have a lot of questions concerning the do's and don'ts for renting a single family home. It will be for a 4br 3ba home with a pool in a gated community. The home has been comple...
Hello BP community,I am a relatively new landlord, who has a few out of state rentals in South Carolina that were managed by a friend and his property management company. I recently took over the management of the ren...
Well, not really. But I have been before. Now that I have your attention, I want to talk about your and my liability as property owners and what we can do to limit it.
The first order of business when you acquire...
Consider this a hypothetical situation. Say a family member (different last name) was to rent out a room in your basement for $500/month (Market value for similar would be around $700/month). Most people (homeowner) w...
Aside from just doing a quit claim deed from my personal assets to my LLC, I have been looking into various strategies to make this transfer happen. Let me paint the picture and hopefully some people and throw out som...