Cathy Malmrose
Took possession, sellers haven't moved
My son bought his first home, $400k, and took possession, but the Sellers asked for another week to move. For some reason the realtor didn't suggest a lease back to cover this time period so now my son "owns" a house ...
Lalit K.
Creating a LLC for out of state rental investment
I am fairly new to RE investing and was thinking about pros and cons of setting up a LLC for out of state purchases. Firstly does setting up LLC really make sense or having a liability insurance serves fairly the same...
Sharon D.
Converting personal residence to rental--tax questions
We bought a home in 2016. Moved out in July of 2021 and started a very drawn out rehab project. Finally got the place listed as an STR in December of 2022 and have been booked solid ever since.At what point do I sta...
Nick Crosby
Short Term Rental Startup
Just getting started in Real Estate Investing and unsure how to properly structure without going overboard/ over thinking it all. Where I am at now based off of currently living in CA is using a HELOC on my current h...
Jon T.
Question about Knob & Tube
Hi everyone,
First time posting here but been a lurker for a while. I am looking at purchasing a small apartment building that has knob and tube wiring and needs some rehab - are there any issues with just leaving thi...
Lou Migliaccio
Another...Should I sell my rental? Help a guy out
Hello all. I hope this is posted in the correct spot. I own a rental property in Sarasota Fl. Here are the stats:Single family 2/1/1Purchased for 159k in 2004Owe 115kMortgage/insurance/taxes/hoa are 1300.00 a monthCur...
Cameron McCown
FHA vs. Conventional
So many times, I hear investors propose an "FHA" option as the best option for financing a new multi-family they will house hack or new primary residence for themselves.I can't say how wrong this is. It's true that t...
Shamsul Chowdhury
Should I buy my first rental property under an LLC or Personal?
Hi Everyone,This will be my first rental property, investing 35k for a 1k/month rental income. Please help guide me on the following questions1. I will buy cash, and plan to refinance as early as possible. Should I b...
Jill Hutson
How do you handle a long vacancy (2+ months)?
We have a few single family homes in Kansas City, in a nicer, brand new neighborhood (built 2022). When we initially bought the homes we were able to lease for $2800-$3200/ month. However we have struggled to rent the...
Colleen F.
motorcycle parking in garage.
Ok , so I wanted to get your thoughts on this situation . We have a 6 unit multifamily he parking is all open and each unit has one assigned space and can have two vehicles. We have an outbuilding where In one bay ...