David Smith
Buying a property - Strategies for NOT keeping long-term tenants?
Here is the situation. I need your help.1 - I am buying a property with 3 short-term rentals and 5 long-term tenants2 - All 8 units can legally be rented as short-term rentals but there are long-term tenants in it3 - ...
Jenny Tai
Property under LLC - Tax and Banking Implications
I'm considering purchase a property using a LLC. I'm hoping to get more clarification on the following questions:1. How would the income and expenses from LLC be taxed for each member of the LLC?2. Are there special r...
Nathaniel Hovsepian
Getting my first true investment deal to be profitable
I will say that I have been an investor for a couple of years now. My first two houses were actually accidental investments. One was supposed to be a home for my wife and I to live in and ended up a rental (long story...
Kajal Aggarwal
Rental home carpet replacement
Hi all,
Our tenant has recently vacated. They have rented our home for 4 years and we have good relationship. They had 2 cats and now the carpet smells like cat pee. The carpet area is approv 350sq ft. Need suggestio...
Chris C.
are LLC's worth it (from a tax and legal standpoint)
is it better to create an LLC and have the property in the LLCs name (how do you deal with due on transfer clause) or just keep it in your own name and came it on your own taxes?
TLDR: when starting off (one property...
Kevin Andrews
Seller Finance Refi to Conventional Financing
I'm currently in discussions of putting a deal under contract where the seller is willing to seller finance. My plan is to BRRRR this property. Is there a seasoning period after the deal has closed to refinance to a...
Tracie Van
ESA Question about amending damages section of lease
Writing this from WI.I have a tenant who told me their DR says they should get a pet. She wants a cat. We've had the WORST luck with cats and damage. Spraying and/or urinating outside the litter box. Two units were so...
Ryan Penne
Collecting rent while house hacking
Hi ya'll.I'm closing on my first duplex soon and will be house hacking it. Any advice on how to collect rent, and set boundaries, when you live in the same building as your tenant?Thanks!
Kyle Kline
Partnering With Family
Hello,I was wondering if anybody had any experience (good or bad) investing with family members. I am specifically thinking in terms of a partnership and/or private money lending situation, but am interested to hear a...
Jeffrey Kops
Purchase Option Investing
Hi Everyone,I am currently reading Conti's and Finkel's book on Purchase Option investing. Sounds like an interesting strategy, lots of upsides, but it seems to me that there are a lot more moving parts to these deals...