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Hi everyone,My wife and I own 3 homes (1 Primary and 2 LTRs). Could any of you please advise us (not legal I understand) if setting up an LLC or these homes in a trust, etc would be beneficial? Just want to feel a sen...
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I am a first time investor looking at purchasing my first investment property for rental income. I am located in the Indianapolis area and looking for single family or multi family rentals. For my first deal would yo...
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Hello everyone,New investor here. Closing on my first property this week. I got it off-market and at a great price. This is my first property and I am in on this with 2 partners who are effectively silent partners and...
I recently purchase a foreclosure at 391k. Comps in the area are b/w 550-650k. It obviously needs some work but its got great bones, a new roof and a new furnace. I am selling my previous property which will leave me ...
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Hi Guys, I'm from Ontario canada and I'll be closing on a property in New York in the next few weeks. I'm not renting the property. It's going to be a second residency. It's less than $200k. So the question; what is t...
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As a forensic accountant and fraud examiner, I have dealt with numerous cases in which a land owner and general contractor face disputes with one another 1. Over the amounts of materials actually purchased and used fo...
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Good morning -
This week we evicted a tenant for non payment, constable came out and removed tenant, locks changed, etc. Tenants were placed by our management company that we have terminated our agreement with.
Whi...
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Hi, I am an out state investor. Currently have one property on a different state. Prices are high where I live, so I want to try Cleveland market. My focus is to buy properties that can be rented on Section 8. I need ...
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Newbie 8 family rental owner. In my area the water company can hold the landlord liable for any unpaid water charges whether it is in the tenants name or not.. How are other landlords passing that cost to tenants whil...
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Hi all-
I'm looking into purchasing mobile home parks here in South Carolina. How does one analyze these? Do you treat it as a commercial property and base things off gross and net operating income?
Thanks in ad...