Hi All, Can you look at the numbers below. I think the numbers make sense. 6 Flat B Area. Gross annual rental income $68,400Net Operating Income $25,500Cap Rate 6%P&...
I am interested in entering into a partnership with a friend to purchase real estate for long term land lording. Partner #1 will be the financier and provide the funds to purchase and will handle the tenant payments, ...
Question for the group:Here is the scenario: I have a duplex that recently flooded in the basement from the Metro Utilities District Company (MUD) doing work in the area. 30+ homes in the area were affected with flood...
We have been offered the opportunity to purchase a large farm that was once in my family and has significant sentimental and historical value. While we intend to occasionally live on the property, our primary goal is...
Newbie here. Got some questions about rent. How is rent handled when you have a property manager? Does tenant pay the property manager and he takes his cut, sets up expenses reserves, pays P&I, insurance tax escr...
Hello, everyone. I just added my 4th multifamily property and was informed by Geico that they would only allow me to carry four homes on my umbrella policy. Was wondering if anyone had this problem and had to resort t...
My apologies for the simplicity of the question. Why exactly, does a rising interest rate diminish the appeal of owning real estate for the purpose of renting or flipping (for investors)? One can assume this is due to...
I have an S-CORP that I run my video production company through.
I am planning to start an LLC to purchase my first investment property.
Question 1:
Can I use excess depreciation from that property to offset taxes...
We have a house that we're looking to rent out soon here, just need to finish a few small repairs first.From what I understand, for liability protection, it's better to rent the house out through a LLC than directly y...
Hi everyone
My friend is a landlord and currently has his tenants helping out with some of the administrative property management tasks. In return, he provides these tenants with rent reductions. I wanted to see if a...