Lindsey Kocher
Beach Rental Property Analysis
First time poster and new to the world of REI! We are looking at purchasing our first investment property in our favorite vacation spot. 4/3 1500 Sq foot beach house for $675k. This is somewhat competitive in this...
David Lutz
Setting up a company to shield REI income
Afternoon all :) Appreciate everyone's help in advance. Would like some advice on how to minimize my tax liability by setting up a company.I own a primary home in CA, and out of state SFRs. Everything is under my ...
Joshua Durrin
First Offer! Am I on the right track?
Hi. I found a property listed on the MLS for $650k in need of approx. $150k in repairs. The property was an historic property in my area that needed lots of work including a new roof (existing was just paper for over...
Jim Murphy
Should I form an L.L.C first?
I just talked to a friend of mine who said I should form an LLC first and make offers and bids etc thru the LLC and If I were applying for Hard Money I should do so thru the LLC but usually I would have to give a per...
Suzie Freeman
Tenant was notified to do repairs 30 days before lease ended and repairs were horrendous!
Two years ago, my tenant's lease was ending and I gave her the proper notification (60 days notice) and wrote her explaining there was an move out inspection (at the time I didn't know you were only suppose to ask) an...
Kevin D.
It's official... Today I bought my fist REI.
There was a Tax Sale (Judicial Sale) today and I scouted out some properties and set my max bids for each property. I lost on two properties, but got one SFH for $10k or just over $11k after transfer taxes. My first...
Loren Souers
Michigan Wholesaling Agreements
Hi! I am new to Wholesaling and looking for the agreements to for me and the seller and me and the buyer. I am in Michigan.Thanks in advance.
Evan Loader
Preserving loss carry forward on K-1 for state income taxes
I think I've asked this question before, but now that I am a few years in I would like to see what others with a more experienced background think. Things have become more nuanced. I'm a passive LP investor in multifa...
Edward R.
Renting to Fire displaced people & Insurance PAYS 6 months above
Wow.! Just listed my really nice flip here in the suburbs and having some offer activity. THEN a real estate company in NYC (6 hours away) emails me. offers me $500 above my $2100 rental listing (I put up for sal...
Stefan Shirley
Homeowner Insurance for Rentals and Primary
Insurance Problem: I'm struggling to understand what I actually need for property insurance. I have three single-family rental properties (IA, IN, MO) and my primary single-family home (VA).
My IA home is paid off an...