Mike Healey
Banking Best Practices for Rental Properties
Just purchased my first investment property in St Louis, MO - A duplex that we'll be owner-occupying. We have about a month before closing and right now, I'm trying to figure out the best way to handle my banking situ...
Nick Clossman
ADU Liability Protection
I live on 5 acres and am considering building a DADU to use as a short or medium term rental. My question is, what is the best way to protect myself from liability? Since the DADU is on the same property as my primary...
Michael V.
Multi-family fire, list of ideal improvements
Hi,
My multi-family property (3 units) recently had a substantial fire that started in the garage and moved to the house. Thankfully everyone is safe but it is a borderline knockdown. It was an older home from the e...
Arthur Banks
Investing as a couple
For those of you who invest as a couple:
A) what are/were some of the challenges you face(d)?
B) Do you have separate attorneys?
C) Do you keep everything separate? (bank accounts, LLC's/Corps, etc.)
D) Anything els...
David Yee
Can I split my lot?
Hello! I have 7,200 sq ft lot. I have a ~1,000 sq ft main house and a detached ADU that is also about 1,000 sq ft. Is it possible for me to split my lot? Could I sell off the ADU or main house separately? Thank you!Bt...
Craig C.
PA - Security Deposit questions (interest, renewals)
In Pennsylvania, tenants who occupy a rental unit over 2 years are entitled to interest on the security deposit. My tenants signed a 1 year lease, then a 6 month extension (actually titled “lease renewal”), and then a...
Debbie Zimmer
Getting a mortgage on an LLC property
Hello everyone! I’m hoping you can provide some guidance to us on this subject.Background: We are new investors and have set up an LLC with a Line of Credit attached. We used the Line of Credit to pay cash for our ...
Thomas Sherlock
Milwaukee Separate Water
Has anyone separated water to individual units in the Milwaukee area? If so, expensive to do? Thanks!
Dean Myerson
Lakewood Colorado Duplex Subdivision
We are in the process of buying an existing duplex (both units) in Lakewood, CO. The duplex has not been subdivided (but has two legal addresses) and are in the process of determining what’s involved. The city’s min...
James Sturgis Jr
Preparing to invest seriously
I currently own two rental properties. I've owned one for 10 years and the other for 15 years. I want to begin investing seriously and I'm trying to get myself in the best position possible to start. Listening to a ...