My partner and I closed on our first 3 rental properties between March 15th and April 27th. All 3 properties were purchased with cash and placed in our LLC. We have not been able to find a lender that will cash out re...
When doing any remodeling work on a property we’ve taken back, we’ve always pulled our own building permits and then had our designated contractor do the work. However, I recently read something about this and it said...
Thought the EIDL contract terms for those approved needed its own thread.I was approved and I'm at the signature stage of a loan above $25K. I understand the collateral, but the Requirements for Relative Collateral ar...
Up until this point, I have only flipped houses, but I want to begin searching for rental units to purchase. I have heard it is best to start an LLC for each rental property you purchase, so that if you get sued, they...
Hi all! I bought my first owner occupied property in April to get a feel of home ownership. Now, I think its time to step it up a notch. We have saved a good chunk of dollars since buying our first home and for our ne...
Hey allHere's my and my brother's problem. We "share" 11 rentals. 5 in my name and 6 in his. We know it's 50-50, but the IRS doesn't agree. We have been looking at strategies to get this taken care of without taki...
Two weeks ago my tenant's dog (listed on her lease) attacked my husband as he dropped by to deliver a Christmas basket (no good deed goes unpunished?). Jumped up and went for my husband's throat/neck but fortunately ...
I was in my apartment alone when my dog started barking and i could hear someone in the rocks close to my door. Having lived in a previous apartment where someone has tried to break in twice while i was home i pulled...
I'm researching coverage and the last thing I need is someone getting an injury on an STR. So I want to be as bulletproof as possible.If you want to protect yourself in case a renter gets hurt on your property, is a b...
Just curious if you have 10k laying around is it enough to get you through the door in regards to investing.