Patrick Mahoney
Buying a Second at a Foreclosure Auction
Hello,I recently found a home in California that has two Deeds of Trust on it, the first being a mortgage and the second being a line of credit. The Trustee for the second (the line of credit) is foreclosing on the ho...
Anthony Freeman
Tax advice and suggestions
Does your current tax advisor keep you updated with new modifications to the tax code?
Cheryl C.
How to "income qualify" a section 8 tenant?
What ratio's do you LL's use to qualify a section 8 applicant? I have a prospective tenant with a voucher for $1,575 (the rent amount) and an SSDI income of $908/yr. This person also receives food stamps in an unkno...
Alex Sanfilippo
LLC?
Hello, I hadn't given much thought about the type of business to register when starting in REI until I read this post by @Brandon Turner: https://www.biggerpockets.com/renewsblog/2016/02/2...LLC just seemed like the r...
Jairo Zapata
Month to Month or a Year Contracts ?
I have a unit that will soon be vacant. Do you think I should do a month to month lease during Covid19 instead of a year lease? Should they be late or stop paying, is it easier to disinvite them of on a month to mont...
John Lee
How much insurance do I need for rental house in Tampa?
I was quote a few insurance options for a $125k sfh rental and I don't know how much insurance is needed.How much does landlord normally needed to be protected and protect your investment? quote 1quote 2quote 3
Bruce Harding
Found Off Market 23 Units
Living in this area and going to school here I know a lot of people.Found a property through a friend. His girlfriend inherited a couple units.She is not out actively seeking to sell yet but she is wanting to liquida...
Nancy Lucia
HOA Pipe Failures
I have rental that is a condo in a complex of 300 + units. The property was built in the early 90's. The copper pipes in the walls and the slab have had many pinhole leaks that seem to be occurring because of the ag...
Cheryl Marks
Seller back out of contract
I Recently had a broker contact me to sell my property.I agreed, signed the contract. When reviewing the Hud closing statement, I have a $22,000. Brokers fee. I called the broker and asked why? They said you agreed on...
Navid A.
Tax deductions under Schedule E (i.e Home Office)
BP,
Lots of ambiguous info out there regarding these tax matters (to be expected). If I have 6 rental properties, all under a single-member LLC, is it worth exploring the option of listing income on schedule C and t...