William Coet
Massive Water Bill From Leak. Will Insurance Pay?
The leak was caused by a hole in the water supply line. Does anybody know if homeowners insurance will cover the massive water bill (over 10k)?
Ibrahim Hughes
HUDs new FHA Loss Mitigation Concept
Anyone understand how HUDs new loss mitigation concept supposed to reduce mortgage payments? I'm not getting it. Particularly this paragraph here. I just don't see how the extra 2nd mortgage is supposed to (temporaril...
Nicholas Mann
Multifamily Building Super (lease/agreement)
Hello All,I am currently under contract on a 6 Unit property that has a live in "Building Super" on premise. The sellers told us that he performs various tasks and does minor repairs around the property, as well as a...
Pablo Aizpiri
Looking for a CPA to validate my tax strategy so I can take next steps.
Hello,I'm in Texas and am I wanting to discuss the possibility of kick starting my real estate investment journey with STR and also using that offset a fairly large W2 tax liability I have this year.I basically need t...
AJ Wong
Three alternative creative financing solutions to get a lower mortgage rate
Historically, residential US mortgage rates are near their long term averages. I remember in 2003 when rates were in the 5-6-7% range, albeit with more aggressive mortgage terms available to almost any and all borrowe...
Kellen Bailey
Renovation on rental with current tenants
Hello, this is my first rental property. I lived here previous to renting it out and didn’t come across any plumbing issues while living there. Now we have three tenants, and we have had a few issues that we have be...
Aaron Motacek
Tax Reduction: Selling Non-Real Estate Company & Buying REI?
Hi everyone, tax question here.I have a family friend who is selling their long-time business, resulting in a nice paycheck for them, but also missing out on a lot due to capital gains tax. Obviously a 1031 exchange ...
Mary Eubanks
Tax Strategy - Irrevocable Trusts
I spoke to a company that works with my CPA that has offered to create me an irrevocable trust in order to reduce my passive income tax liability to zero, reduce my active income (real estate commission) to nearly not...
Dawon Irvin
Easy Steps to Increase Energy Efficiency in Your Rental Home
Improving energy efficiency not only helps the environment but also puts money back in your pocket. Let's explore budget-friendly tips to make your rental more energy-efficient and sustainable for the long run.
1. Se...
Patrick J.
What is the use of llc holding companies?
What's the use of a holding company for rental properties? Is it suppouse to reduce taxes? Reduce liability? Reduce management headache of "needing" multiple bank accounts?