Eddie Sorrell
First Commercial Property - How Different from Residential???
Team,I purchased my first commercial property. It is actually a trip-plex with one unit as a storefront. It is currently vacant and requires little cleanup to get ready for rent. I have a sign on the window but have y...
Ken McGrew
Revocable Trust and LLC as beneficiary in Texas
I have been researching revocable trusts and came upon this interesting presentation that advocates use of a living trust in conjunction with an llc as the beneficiary:http://andersonadvisors.com/wp-content/uploads/20...
Soumya Brijesh
Will lease option raise the property taxes?
,I was analyzing a property(condo with HOA of $150), where I see the county is valuing the property at $39000. The Current Market Value is around $140K. The owner is in distress and wants to get rid of the property...
Thomas O'Donnell
Setting up a Checking/Savings Account for Rental
I am looking to set up an account at a bank different than my personal one for rental property expenses/income and savings. However most places are saying I need an LLC In order to use the accounts for a rental proper...
Dan Brainard
Estimating CapEx and Maintenance/Repairs in Tampa, FL and beyond
First time landlord to be. I'm looking to forecast and budget for 1) capital expenses relating to big ticket items (roof, hvac, appliances, unforeseen etc.) and 2) ongoing repair and maintenance costs. I've searched t...
Joel Kleyer
Post Remodel Appraisals
Interested in purchasing a 2-bed,1-bath SFH in Louisville, KY, to rehab the attic to create an additional bathroom and bedroom. Property currently is valued at $200K-$225K, but similar 3-bed,2-bath SFH are $300K. I'...
Jeff A.
Damages Claim against Deposit
We just received a notice from the apartment manager we moved out of that they are going to charge $900 against our secrutiy deposit because of a damaged front door, cleaning, and some other minor stuff. He says that ...
Burt L.
Simultaneous Closing- How to Handle Buyers Title Policy Request When Policy Shows Purchase Amount?
I have a buyer on a strong deal, who understandably wants to examine the title policy before giving a deposit. Of course, they would be aware that the title policy is in the amount of the buy-side figure and I thought...
Douglas Vogel
From Flop To Success
Hey Guys,I wanted to post a win here and see what other people thought. A couple years ago I had bought a property in the Chicago area. It was meant to be a flip and connected myself with a broker. We ended up purchas...
John Seelig
Big Picture - Renting out a home with equity advice
I'm sure this is in the forums already. I'm not good at searching apparently. Apologies.We are modest W2 earners, 250k combined, I want to take my family home in San Diego worth around 700K, with 200K in equity, and r...