Steve Christensen
Contract For Deed Questions
When doing a Contract for Deed, how do you protect yourself, as well as anyone you place in the home?How do you prevent the Do On Sale clause from being exercised?I see many people promote doing deals in a creative wa...
Steven Frey
Extra money - focus on 1 of 5 mortgages or a little for each.
I have a few properties and positive cash flow. I was trying to decide if I should try to 1) focus on paying off one mortgage or 2) spread a little to each loan. I have a long term perspective on them all. I have a ...
Robert M.
Accountant charged me to respond to IRS Inquiry?
I received a CP2000 notice from IRS and send to my accountant who prepared taxes. The inquiry was resolved with a simple letter to IRS explaining where income (rents) were accountant for in LLC return. The issue was...
Benjamin Seibert
Cleveland Heights - Cleveland OH
Does anyone have a general range on what a 4 BR 2.5 BA would rent for in Cleveland Heights OH? Our PM told us that they would rent it for $1100 but from all the other properties for rent in the area this seems very lo...
John Rooster
Who do you think will win: Zillow, Trulia, or ????
It is my belief that in the next few years a nationwide multipurpose real estate website will evolve to become a major player in real estate sales. At first augmenting, but eventually displacing local Multiple List...
Dave Bopp
Is Additional Insured on Renter's Insurance Necessary?
A current tenant acquired a renter's insurance policy that listed him and his girlfriend on the policy as the insured individuals. He asked the insurance company to have the landlord added as an additional insured and...
Tom C
Subcontractors without Insurance
I am hiring my brother inlaw and his crew to do a tear off and new roof on one of my rentals. In most cases, I wouldn't be too worried about it, but he is talking about using 7 guys. All of these guys do this work on ...
Sandy S Harris
Vacancy & Cap Rates
Quick question BP'ers,
I'm spending lots of time analyzing properties these days, but I'm wondering where do I go to get the cap rate and vacancy rate on any given area? It isn't always given in a listing, along with...
John Fierke
Venturing into very first SFH for a likely STR in the Berkshires
Hello all new and established BPs. A conversation in January with a coworker (and BP fan) opened our eyes and here we are - we just closed on a cash-out refi of our primary residence (in Missouri) today @ 2.875% and ...
Kathleen Marie
Self-directed IRA for "dummies"
I can't believe that I'm 60 and have just discovered Self-directed IRAs! My husband and I are now very excited about the idea of buying 1-2 houses in our neighborhood. We're not interested in flipping. We’re more li...