Matt Motil
Best way to roll my property to my LLC from my personal ledger
Aside from just doing a quit claim deed from my personal assets to my LLC, I have been looking into various strategies to make this transfer happen. Let me paint the picture and hopefully some people and throw out som...
Account Closed
seller owes near MV in foreclosure..options?
Hey!
I am used to just doing regular wholesalers, but I am working with a seller who has a couple properties they want to get rid of .. They owe about 100k and the property is worth about 110-120k and are in ...
Chris G.
Home office claim for tax deduction
Can you claim a home office if you have multiple rental properties but you do not qualify for a real estate professional status?My CPA said that the real estate activities for me are an investment and Not a business a...
M&S Suarez
County Trasurer's Resale Deed in Oklahoma
Me & My Wife bought 1 property and two lots really cheap on 2008. We got a "County Treasurer's Resale Deed" for each property after the sale(in about 1 week). We are keeping the lots to develop later, but we are t...
Account Closed
Adding my name on deed thorugh quit claim or warranty deed in Illinois
Hi everyone, I want to add my name on a deed for a house owned free and clear. My plan is to use a HELOC and buy a 3-4 flat in the Chicago area or fix and flip in the south side. The house is located in Champaign, IL....
Brandon Ingram
Insurance on Rental Property
I just completed my first deal for a buy and hold property that I am looking to rent out. I have a regular homeowners insurance policy on the property, do I need any additional insurance?
Pedro Jean
Rent to tenants who are collecting unemployment
Hello Everybody,For all the landlords out there, How do you feel about renting to prospects who are collecting unemployments, but have no jobs due to covid? Prospects who are collecting unemployments claimed that they...
Gre Clifton
HOI and plumbing coverage
HI! I am trying to understand what exactly gets covered with plumbing on regular HOI. Is there any insurance that covers plumbing that is inside the crawl space below the home if the inside of the home is not affected...
Angelito Mamutuk
Landlord Insurance - how necessary is it?
Hi BP,This is probably a stupid question but wanted everyone's take on Landlord Insurance. I'm located in the Bergen County, New Jersey area and fortunate enough to be moving into a new primary home within the next mo...
Kay March
Should I file an insurance claim for flooding caused by broken pipe in wall?
A pipe broke in the wall of a rental house. The water went into the wall and into the carpeting in a bedroom. There doesn't seem to be any significant damage at this point, although mold could be a concern later on. S...