Hector Andujar
Purchased a Rental with father in law; Need help
Hello, everyone I recently purchased a 3 family beach rental unit with my father in law. The loan process got us tangled into a loan that was suppose to be a FHA, with a gift from family. End result is that we purchas...
Scott Robinson
I want this to be my fist purchase...should it?
I have an opportunity to buy a property for about $120k, ARV $160k. 3/2 in a decent neighborhood around DFW. House has general wear and tear but no major issues that I see and do not plan on putting any money into it...
Marquest Page
Claim Depreciation on "Subject to" Property
Hi BP! I am in need of any advise that anyone can provide. I understand most are not attorney's or tax professionals so I will not hold anyone too whatever they share as if that were the case. I purchased a property s...
Sasang Doc
Equity Stripping with HELOC
Hello BPers,I'm an LLC hoping to jump into bed with a sexy HELOC loan and strip down all my equity in an investment property.My question for ya' all: Is the entire amount of HELOC credit protected from creditors? Or o...
Christopher Howard
Expense Tracking for Rentals
Hi all,I had a pretty general question, I'm wondering what people use to track their expenses for rental properties. I only have one property now that I'm fixing up so there is always and expense. For now I'm just usi...
Juan Ayala
Insurance Companies for Landlord Protection
BP Fam,Looking for some referrals on insurance companies that provide certain coverage for landlords, seeking coverage in the event I need to evict a tenant to cover legal fees, and coverage to assist with vacancy exp...
Adam Smith
Itemizing Invoices/Bills in Quickbooks
Howdy all,
I have a small property management company for my own rentals as well as a friend who is out of state for a few years. I'm just getting setup in quickbooks. I'm trying to figure out the best way to itemi...
Chris Masons
Cost of Survey
Hi guys,
What kind of prices do you find yourself paying for Surveys? Here in NJ I just feel it is highway robbery.
I jusst paid 650.00 for a standard survey on a standarad lot size 50 x 100.
Curious to know what o...
Ronald Cooperman
How expensive is Flood insurance
Just bought a property that requires flood insurance. Called my insurance broker and was shocked by the cost. Any suggestions. Florida
Karen Kasjaniuk
Accounting - financials and journal questions
I am an accountant, but my 9 to 5 is in hospital, accrual accounting, not real estate, cash accounting. I am a newbie to real estate investing and am trying to get my journals/financials set up and have several speci...