Alf Holst
Not renting to prospective tenants with felonies
I am currently putting together my minimum rental requirements, like income, credit, and rental history requirements. can I advertise that I will not accept felons? or would that be considered discriminatory?how do yo...
Kent Julian
Multiple LLC - Property Holding and Management Company
I currently have 3 rental properties. I worked with an attorney to set up two LLCs. The first LLC is a "holding" LLC. This LLC owns the properties. I plan to place 4-5 properties into this LLC and will then create oth...
Turner N.
A few questions on selling old personal residence to LLC
Hello. I am in the process of quit claiming my old personal residence into an LLC to be used as a rental. This is being done in Michigan. A few questions.Should I be selling for $0?Is there any way that I will pay tax...
Carl Desert
How Do I Comp A 32 Unit Apartment Complex
What information do I need to comp an apartment complex in the Houston area to make it a good deal?
Brian Williams
LLC Formulation and Due on Sale Clause
In the Latest April News Podcast the guest host stated that banks never enforce the due on sale clause if the mortgage is transferred from an individual to an LLC. In fact he stated they rarely find out because they g...
Christian Carson
House already under contract-strategy
All,
I've been through the process of buying rental properties in the past but now I'm looking for a duplex to owner-occupy. I found one in the middle of my top neighborhood, but it went under contract the da...
Constantia Petrou
Renters Insurance Requirement
Hi everyone,I am about to rent my class A single family home. I have landlord's insurance and was wondering whether I should require tenants to have renters' insurance? If so what limits (liability, personal property ...
Leticia Wright
NDA Issue/Investor Is Violating NDA TERMS
Good morning, I'm curious about an issue that I'm having. I have been bird dogging for an investors for sometime now, and I have sent them multiple deals. None of the deals has ever closed before. I finally found a pr...
Zachary McDonough
Interest only: Good or Bad thing?
Guys, lately I've been catching a lot of flack for my last seller finance deal...Our seller offered 5% interest only for 7 years...I jumped at it. But, some people think interest only is dangerous. Pros: - more cashfl...
Andrea Coulter
Tax question for a loss on a rental property
Hi BP community, I am a small investor from upstate NY. I have 5 rental units, 1 a single family home and 2 two family homes that I rent.I am Wondering how the math works when calculating a loss on one rental property...