George Habator
If Roth IRA is converted to traditional, is it deductible?
Hi, all. If securities are transferred from Roth IRA account to a traditional IRA account, is it deductible as if they are new funds being transferred in? Thanks
Christopher Montgomery
First lien foreclosed is second still good?
Good Evening AllIi am looking at a couple of 2nd position liens. The seller says that the first has already foreclosed if that is the case wouldn't any liens junior to the first be wiped out making the note worthless....
Cam Smith
If I add a childs name to my house title as a joint tenant how do I use the lifetime gift tax exemption?
Hi everyone, I was thinking about adding my son as a joint tenant to a rental property I own, If I do this it would probably be the equivalent of a $30,000 gift. I heard that there is a life time gift exemption o...
Samuel Fowler
Reasonable rate to pay on short-term private financing?
Hello, just wanted some feedback from those that have been involved on using private financing to fund previous deals. I am not soliciting for an investor just for feedback. I am requesting $15,000 amount on a 6 month...
Basit Siddiqi
Are my Loan Fees Excessive?
Hello Everyone,BackstoryMy 2 friends and I created an LLC to acquire real estate via financing.We got into contract with 2 houses with a purchase price of $115,000 and $112,500.We communicated with a lender(or so I th...
Emily Taylor
Best Practices for STR rental agreements & Insurance
I'm looking for some advice and best practices on Short Term Rental agreements, some use them, some don't, What's best? Should I find an attorney to write one up for my business of 5-10 properties? What does everyone ...
Kevin Huang
Leakage through ceiling in basement unit, is this due to weather?
Tenants living in the bottom unit (below ground) mentioned that there appears to be some leakage going on. I went to take a look and it looks like there's water coming through the ceiling. I'm not totally sure where...
Carolyn Kreeger
Pot or Marijuana Growing - Language in the lease
I am working to rent my first property in Littleton, CO, and I am wondering if anyone in the area includes a "no-grow" policy in their lease agreements. Has anyone approached this and what are your thoughts on includ...
Ryan M.
Insanely high Landlord Insurance ($7,000) for a $310K 3 Family?
I am looking to purchase a 3 Family, 9 Bedroom Triple Decker in the city of New Bedford Massachusetts for around $310,000. The numbers look solid but I decided to get actual Landlord Insurance quotes to confirm my est...
Roc P.
One Water Main
Hello I need advice from someone of the experienced guys here regarding an apartment building with one water main going to different units.
How do you prorate the water usage to each different unit. I'm paying for t...