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Suppose you borrow private money for a deal and the deal goes bust. Now with a bank mortgage there in normally a 'deficiency clause' allowing the bank to try to seize other assets you may have if the foreclosure proce...
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Had an incident where tenant and dog were attacked in the yard of a multiplex. Dog was vicious and caused injury to tenant and dog not to mention mental ordeal. What is the landlord's liability when some unforeseen...
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Hello - my husband and I are closing on our first house this Friday (duplex, house hacking). We plan to buy many more houses over the years and build this business. We're using a realtor who has been very helpful and ...
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Hey Minnesotans,I am new to real estate, and covid has "blessed" me with lots of time. My current business has slowed way down, and I am looking at only working one week a month for the next few months. I am hoping to...
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I just created an LLC for my rental property, so this is all new to me. Is there any reason to pay a salary to my spouse? If I pay her, to make this simple let's say $2k a month, she'll pay taxes on that which means...
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Specifically for the purpose of acquiring, improving, and renting out property in what we would consider Class C/D areas?
If so... would love to brain pick...
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I’m a 28 y/o female who just finished a owner occupied renovation using an FHA 203k renovation loan. I put 3.5% down, purchased the property at $110,000 and put another $110,000 into it. I’m estimating because of the ...
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I've come across a deal for an 8 x 1 BR 1 BA unit apartment complex at 100% occupancy with rents currently under market value. It's near a hospital that employs a lot of travel RNs and a small university so I'm confi...