Asher Anthes
Mortgaging a F&C property based on appraised value rather than purchase price
I'm 26 years old, have 65k to invest. And two rental properties with positive cash flows on both.
I want to buy a cheap property with all cash, fix it up, get a tennant in ($450 positive cash flow is the goal). But...
Chandler Rehbein
Let's Talk About Landlord Insurance
Hi there!
My wife and I are in the process of putting our first property up for rent. We are currently shopping around for the insurance that best suits our needs, however, we have quotes ranging from $600-1600. Each...
Yinna Wang
Real estate professional tax benefits and LLC structure?
My husband and I own rental property together, we are both on the deed. My husband qualifies as a real estate professional for tax purposes. We want to use that to offset my income, as I am the higher earner (I have a...
Anthony Newbold
Credit Score 510, any good?
Credit Score 510, any good?I subscribed to the 'SmartMoves' by TransUnion that is promoted by BiggerPockets.......I have a buyer!Now that I am looking at their history I am puzzled. Now this fella makes good money, ...
Mark Henry
Seller/Property Manager lied about rental income on multi family
Outline of events- Bought a quadplex about a year ago- We asked about income/expenses from the past seller and were given monthly statements/expenses for the past couple of years which looked promising.- We have some...
Marco Gonzales
Refunding tenant for food
Our tenant was out of power because we had to replace our breaker box, partly due to a storm recently, it took 3 days due to July 4th weekend nobody was available. We put the tenant in a hotel for 2 nights while we tr...
Dennis Johnson
Syndicating Multifamily Deals
When doing a syndicatied deal is there a min or max to raise or would it be based on the property your trying to purchase (ie a deal under a milllion dollars). Also the initial funds like earnest money etc. where do...
Brandon Krasner
STR Partnership LLC Tax
I just started operations in 2024 doing STR arbitrage. Here is the structure of the LLC's:-I live in PA and have a holding company LLC incorporated in DE.-My business partner lives in MA and has a holding company LLC ...
Sharon Supera
To keep or to sell
Hello everyone,
I’m seeking your advice on whether I should continue holding or sell a property I purchased last May 2023 in Windsor, Ontario, a city next to Detroit, Michigan. I acquired the house for $350,000 with ...
Jim Brozny
Should the contractor get the entire payout?
I filed a claim with my insurance company for wind damage to the siding on one of my properties. At the last minute, I called a contractor to meet the adjustor at the property so they could inspect it together. The ...