Marc Possoff
Home Owner Cost a complete gut.
Hi this is a question for a home owner. We currently live in a 1600 sq ft single detached home with basement with a 225 sq ft family room built on a slab on the side of the house which was added before we bought the...
Account Closed
Owner Co-Signing Mortgage So I purchase their house? Good/Bad?
Hey BP,Looking to poke your brain about a recent deal I came across. I recently came across a seller looking to work with me on a deal to purchase their house. The house itself is 2 miles west of cherry creek shopping...
Paige Halamicek
Buying land with a mobile home but want to sell mobile home
I am currently looking at a 10 acre property in Texas with a 2000sqft 2005 double wide. It would be a primary residence. The mobile home I would only want to keep for a few years to live in before building a new home....
Marc Shin
Homeowners insurance for an STR
Hello. i'm under contract to purchase a duplex which I will convert to an STR. I'm purchasing the duplex in an LLC. Any suggestions for what coverages need to go into the property insurance policy? also is $1.0M su...
William Taylor
On the fence about electrical service upgrade
Hey all!Closed on our first multi family a few weeks ago. We currently have each meter separated out, but has 100A service. The units have electric furnaces, electric water heater, no washer/dryers, and the range is g...
Luke Hoffman
Standard operating procedures
Hello!My wife has requested that we have standard operating procedures. I am currently writing them out. I have tenant move in/move out, maintenance, tenant screening, rent collection, turning over a rental, tax time....
Hector Romero
Financing and Planning Additional Units (Young Investors)
Hello all, I am new to the community as well as being the lead in real estate investments.My sister and I currently hold 3 properties next to each other in Riverside County, California (we'd like to get them in an LLC...
Zach Howard
LLC - many questions, please help!
I think it's probably better to hold real estate in an LLC than in my personal name. Reason being is that I'm not a US citizen and I do not live in the US. I have so many questions though.1) Can anyone tell me more ab...
Angelo Llamas
Taxes on a new rental
Recently bought a rental that I am living in and will start to renting it out early next year. I’ve done my calculations and have seen that I will be breaking even with this investment day one. On a rental that’s not ...
Jason Lopez
Do I need an LLC for my rentals?
Hi, to all. I'm wondering if is necessary to have an LLC to rent a house here in San Antonio, Tx. In addition I heard that is better having one LLC for each property and one for management only. Can someone help me to...