Sailin Li
Finding Home Insurance That Will Allow Multiple Tenants
I'm having trouble finding insurance companies that will insure my homes in this situation.Property 1: Renting the main floor to a family, and 3 separate room rentals in the basement. Property 2: My main residence, re...
Harry McNamara
Any Real Estate Professionals Using Section 105 for Health Insurance Deductions?
Hello BP community!Question is pretty much in the title - any other self employed RE professionals using a Section 105 on your taxes to offset insurance and medical costs? Curious if you got any pushback from your acc...
Kegan Brenner
What does diversification look like to you!?
My wife and I are currently starting out real estate journey. 1.5 years ago we bought a dental practice, and last year we purchased our dental office building priced at around $2M with $500k in equity. We currently ma...
Jason Long
What's a reasonable cost for tax / corporation structure advice?
Hi Everyone - Looking to crowdsource some info on what typical costs are for these types of services... some background info: I'm an aspiring investor and have recently moved into a new primary for my wife and I to li...
Edward Shin
INSTALLMENT LAND CONTRACTS: what's the good, the bad, and the ugly?
I've recently been introduced to the strategy of selling property using an installment land contract. It's appealing for a number of reasons: the buyer gets equitable interest in a property, takes care of all repairs,...
Mason Weiss
Luxury MTR Rentals
Hey BP,
Who has had success with a higher end MTR strategy (North of $5K monthly rent)? How did you market it outside of the normal websites like Furnished Finder and Air BnB?
Account Closed
Asset protection strategy tier list: Worst to BEST
Now that you have an asset, let's talk about asset protection. Below are a few strategies I've ranked from worst to best, which offer varying levels of protection. Worst:
- No coverage, held in your name.
Bad:
...
Kevin Duong
Considerations for house hacking with pets
I'm currently house hacking with a mid term rental strategy and considering renting out two rooms in my property to a single tenant. The property is a 3 bedroom, 2.5 bathroom townhouse. My girlfriend and I occupy one ...
James Loisou
Has anyone come up with an innovative strategy to take advantage of the FEMA flood zones?
After reading a number of articles and forum pots, it is quite evident that the new FEMA flood zone insurance requirements are adversely affecting a lot of home owners. It is amazing to think that property owners in f...
James Tatlow
Lender and flood insurance
Hi BP -I have encountered an odd situation that I want to run past the community. I have 2 duplexes under contract. They are right next door to each other but are on separate APNs so the sale is being treated as two...