I read on the forums all the time if you own a rental, in this case my example is a vacation rental, that is titled in your own name all you need is a landlord policy and an umbrella policy to be covered. While this s...
I own a STR lakefront home. My neighbor from across the street (not lakefront) approached me with this idea: he will buy a pontoon boat to dock at my house. Renters can pay extra to rent the boat. Simple enough. How w...
Good Morning Fellow BPers!
My wife and I are thinking of purchasing a new home due to a growing family and we would like to convert our existing home to a rental property. There is little to no equity in the...
I purchased a 12-unit building and I need to replace the boiler. One contractor recommended a 410,000 BTU Burnham boiler. He claims that's the best value for the money and it will last for a long time if properly ma...
Hi all,I'm working on offering a free report to commercial real estate investors and multifamily property owners as a way to build my authority, credibility, and expertise in my local community, and I'd like do get yo...
Hello all,I've a tenant who has been paying her rent late each month (along with the late fee). This month, however, she has not paid the rent so far.Here is the sequence of events that happened.1. Issue #1 - a rat en...
Any experienced investors here from the Longview Area? Lets talk.
We just purchased our most delinquent NPN yet: 15 years, 9 monthsPaid to date: 01/01/2005Reason: Title defectsThe borrower sold the property in late 2005 to a 3rd party. That 3rd party was able to get another loan on ...
2018 was my first year of owning properties. I bought two turnkey properties and received a 1099 for the rental income they generated. I entered this info into Turbo Tax. I was expecting some tax benefits. Am I mi...
Myself an REI newbie, 2 rehab/flips and 1 rental leads me to this question. I use the residential lease contract TREC, and my rental is here in Houston.
It has rocked along fine for the past year. Now, talking to new...