Drew Dim
Home warranty to cover expenses?
I had a co-worker who would get a home warranty like American Home Shield etc and put hose on each of his rentals. If anything broke or there was any issue he instructed the tenant to call the warranty company to com...
Mak K.
Rental Loss Denied as Lease was under name of LLC
So I have Travelers insurance and my rental loss was denied as insurance was under my name while the lease was under LLC. Well my insurance does mention additional interest as LLC. Travelers is just denying claims rig...
Mike Shemp
Can I put vacation home into LLC if we don't rent it out?
Hi BP Community,Just wanted to get some opinions on this question!My wife and I own a vacation home in New Hampshire. We currently do not rent it out, and we are interested in moving it to an LLC. I am aware of the ...
Adam Moreschi
First deal using a self-directed IRA?
Has anyone here performed their first deal using a self-directed IRA?I've got about $15k in an IRA that I'm hoping to do my first deal with, and I also live in an expensive part of NJ, so I'm thinking of out-of-state ...
Lynn Y.
best way to isolate risk of each rental property
My question is about how to best organize many rental properties to provide best shield towards potential law suite.From this forum, I read about multiple properties (mortgage free) under one LLC; or one LLC for each...
Alan Williams
1031 Exchange For SoloK Property
Modeling a potential [transaction] scenario and would appreciate feedback/insights on legal and/or tax implications as well as whether each of the options for the overall transaction makes sense ...Property 1 is value...
Latesha C.
Home Repair warranties worth it or not
Thinking about the sears home warranty. The one that's $70.00 a month with a deductible upon visit, accompanied with $10,000 worth of damage per year. This covers appliances and home care like electric, plumbing, Air...
Andrea Shields
Lease with option deal
I have been approached for a lease with option offer on one of my properties that I have up for rent. Lease would be for 2 years. I have looked online for info on lease option. My question is:
If I decide to ...
April Birdsong
AGI >$100,000 Can't deduct rental losses?
Hi thereI am new to investing, looking at a SFH for my 1st rental property and trying to understand the tax benefits that are often spoken of on the podcasts. But, my CPA says that because my AGI is >$100,000, I am...
Tyler Bolton
LLC versus personal umbrella policy for Indianapolis SFH rental
My wife and I have owned a single family rental house in Indianapolis for 1 year and are trying to decide between an LLC versus a personal umbrella policy. We currently live in CA, but are moving to Illinois in the co...