Eduardo C.
New to Rentals Low on Time
Hello,
I'm looking at buying a new home, and renting out my current one. It won't meet the 50% rule, but I would be wiling to do the landlording myself to save some cash. All the quotes I've gotten from property mana...
Joe Foster
Blanket Liability Policy Property Limits
I'm a part time RE investor with 6 rentals. When opening my personal liability policy with "a large insurance company" I was told that the policy woud cover 4 properties. After a review, the policy covers 4 properti...
Brian Sherman
Found a house on a cesspool
Im in California. I found a house on a cesspool, which I think is also known as a tight tank. The owner said it needs to be decommissioned and have the house connected to the street sewer and water lines (it's on well...
Wendy Vaidic
From Flip to Short Term Rental
We purchased a home under our LLC with the intention of flipping it.
However, we have begun to toy with the idea of keeping it as a short-term rental instead.
I know it can't remain in our flip LLC if we decide to...
Aileen Jimenez
Purchase with 1031 exchange funds + mortgage?
We’re Looking to purchase a propery with part 1031 Exchange funds + mortgage. Property will be on LLC. How did you handle? Any help appreciated.
Scott Kolsto
First Live in and Flip
Investment Info:
Condo buy & hold investment in Frankfort.
Purchase price: $75,000
Cash invested: $5,000
Sale price: $110,000
Our first owned home, which needed cosmetic work. Ultimately, for...
Andy S.
NJ-Tenant security deposit question when lease is broken
Hello,My tenant gave me a notice of vacating the property 10 months before the end of lease. In the contract it clearly says tenant is responsible for the rent for the duration of the lease. The reason he provided was...
Lauren Ruppert
Is there such a thing as growing too fast?
My husband and I have aquired 7 doors in 15 months. I'm under contract again. We stack all the cash flow and reinvest... Is this how it goes? We initially thought 1-2 doors a year..but it's been possible to do more, ...
Satya Nagarajan
Actual Cash Value or Rebuilding Value coverage?
Hey everyone, I am buying my first property - a 4 unit building for $127K. The property will be in my personal name, not an entity. I am definitely getting liability coverage up to $1 million and loss of rents for up ...
BJ Butler
Looking for options next door
My neighbor bought his house at the height of the market in 2006. He paid about $175,000. The market is now about $130k. His mortgage is a little over $1100. He is upside down & was going to rent it out for $1200...