I paid $28,000 cash for a foreclosed property two weeks ago. The renovation is going well and our total material cost for renovation is going to be about $22,000. Making the purchase + renovation total +/- $50,000 (a...

if you own multiple rentals, and you buy them with traditional financing, this question is for you.

i purchase my houses in my name b/c the lender will not loan to a company. i was then quit claiming the houses into...

As a new investor, is it best to create your LLC within your current state of residence or the state in which you are planning to invest the most? Any suggestions or guidance would be very appreciated.

I'm getting ready to go to closing for my first rental property and I am terribly confused. Facts:-I am purchasing a single family rental property with a conventional mortgage from my bank.-I have created a Pennsylvan...

Hi guys,will you please be so kind and let me know if its a wise thing to do to have an umbrella liability policy covering my personal assets (car, my house) plus my real estate investments (rentals) ?If I have an umb...

Hello! 
I have 4 rentals in Missouri and 4 in Kansas. I've heard a number of different suggestions on whether an LLC is even needed and/or just have umbrella insurance. I've decided to go the LLC route for protection...

Hello all,A pine tree branch broke off and fell on the tenant trampoline in the back yard.  The tree belongs to the house.  It damaged the trampoline and the tenant is asking me to pay for a replacement.   I offered t...

Hi,
I know what I'm asking is not legal, but it also doesn't stop the 30,000+ not legal apartments that currently provide a home for families in Queens, NYC that would otherwise not be able to afford to live there.
...

I am wrapping up my flip and was wondering what type of payment documentation I will need for both legal and tax protection.The project involved a GC, electrician, plumber, and granite vendor.Do I need to get waivers ...

Hello BP,My 45 day selection period was disrupted by hurricane Irma.  Furthermore, the property I was getting ready to close on last week may fail re-inspection in which case I may have to move forward with another pr...