Karen Johnson
Do I need to issue a 1099 when insurance covers the cost.
Hello,
I had to perform some repairs to my roof and ceiling due to ice damming. Am I required to issue a 1099 to the contractor if the cost is covered by insurance? To be clear, insurance cut me the check and...
Arcinio Arauz
B of A HELOC
Hello all,Say I have a house (inherited). I conduct a title search to find a possible lien from B of A for a HELOC. The HELOC hasn't been paid since 2011. It's now 2016 (as you know). I transfer title into my name, th...
Mike Higginbotham
Seeking advise on refinancing from an llc into my name for conventional loan
My partner and I purchased a home using an interest only loan last year and rehabbed it in order to make it a STR. All of this was done in our LLC name. It's been renting great, but now the loan is coming due and I am...
Tom Liu
Newbie to Termites, need advice
So I thought I just had a mouse or squirrel issue. Tenant said they heard scratching in attic. Got my handyman over and confirmed there is an issue BUT he thinks there is also termites. I wasn't there at the time so I...
Roman Gwin
seller disclosures
I'm thinking about selling a townhome....it's in nice shape and in a good area...all things being equal it should sell quickly and at going market price...however, the next door unit is occupied by college students wh...
Patricia Waithera
Lease violations after notice of lease non-renewal
We (duplex house hackers) issued a 90 day notice of lease non-renewal to tenants we inherited. The tenants have several lease violations with unauthorized pets, smoking and an unauthorized relative living in. We have...
Pops Warner
rental train wreck has $ but lousy history
hi, my rental history for the last ten years or so reads like the story of a troublesome gaurd dog. i slept at night in the office of a check cashing business at a strip mall; i stayed in the show room of an antiques ...
Jason Smith
[Calc Review] Help me analyze this deal
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*This link comes directly from our calculators, based on information input by the member who posted.
Matthew B.
Tax Implications of Quit Claiming to Other Entities
I was originally posting this for my parents, but the more I think about it, the more I want to know for myself.My parents have around 15 or so rental properties owned by a single S-Corp which also owns a non real est...
Justin Moy
Question for people who raise money for other operators
Hey BP community! I'm curious for those groups who raise money for other deals (syndications or funds) what do you look for in the operators you partner with and what role do you typically play in that partnership? Do...