Jem J.
Umbrella policy for rental units
I'm into my 3rd rental properties (with very decent renters) under personal ownership. We increased our umbrella policy to 2 million. Insurance agent advised that this should be ok. Any thoughts?
Allison Cannie
Rental properties to LLC in NC
I have two rental properties and working on a third. Is their any benefit (tax or otherwise) to starting a property management company and managing my own properties? If so, is a license required to manage my own pr...
Richelle T.
Cash out options
Hi everyone
So I close on a property this Friday (yay!) and was thinking today about ways to refinance it. I will be paying cash. I have talked to a few banks and I have a few options:
1. Identify next property and ...
Emin T.
Deed transfer from C-corp to personal
HiI want to move a property from my C-corp to my name. How to transfer deed? Any payments or consideration necessary from me to company? Any tax implications? What about depreciation and tax resulting from that (Will ...
Jon Denton
HTC renovation: passive vs. non-passive credits
First post here. I currently own a property in a historic district and was planning on selling the HTC's to pay for renovations. I personally have no expertise with CRE, however I do have partners who were to handle t...
Adam Cole
Cash Out Refinancing Question_ Beating a dead horse
Hello everyone!! We just closed on our 5th investment property and our first long term rental. The 4/5 are short term student rentals located in Flint, Michigan. Currently we don't have loans tied to any of the proper...
Burt L.
Rental Property Conventional Lenders That Will Close In An LLC?
I have been looking at doing a DSCR loan but looks like I'm giving up on that as DSCR loans require bank statements anyway and if I'm going to provide that, I might as well go Conventional and have significant rate sa...
Mandeep Randhawa
Question about capital gains
Background info...I still live with my parents in Ca and I purchased an investment property April 2012 at auction. I purchased for 139,000. Eventually did a conventional loan (25%) and currently owe 90k. Similar ho...
Jason Schlieger
Income-rent ratio multiple tenants. Combine or separate?? (WA US)
I
want to apply a 2.5x or 3x requirement (my rental price is 2000 on a
3bd sfh for reference). But i'm not sure if this should be combined for
multiple unmarried) tenants? I would appreciate your thoughts on a f...
Janell Rasper
Condo Damages to association property because of previous owner
Purchased condo, re-habbed, now ready to sell - Previous owners (two different owners ago, about 15 years back) put in new windows and caused some siding damage on the back of the building (missing flashings). I, as t...