Sarah M.
Buying a property with a partner with two LLCs - tax benefits?
Hi there. My partner and I are new to investing and we found a "buy and hold" property in Minnesota and are buying it cash 50/50 each. Can we buy it under two LLCs? Or should we just use one? We want to buy the house ...
Queen Keoka
NPN BK13: Seller missing original Security Deed GA??
I am very skeptical about this NPN in BK13. First off it was originated in 2006 and assigned from MERS as the nominee. I see evidence tht note was sold in pool during the time of mortgage back securities. Secondly sel...
Randall Williams
Deal analysis please?
Hi everybody, and thanks for any ideas you might have about this. I looked at my first potential rental unit last week, and I'm pretty sure I'm going to pass. Here's the skizzy:Two-family unit, B-grade, fair condition...
Account Closed
What are my rights as a tenant?
I recently moved to Memphis, TN and I'm renting a house for the first time. Three weeks ago I discovered a gas leak and my gas was shut off. Due to extreme cold weather, my water was also turned off so the pipes would...
Tim Porsche
Second Tenant Taking Over Lease - Security Deposit Question
Hi All,I purchased a duplex back in October of last year and the upstairs unit was already rented when I bought it, so I let the tenant stay and they have been very good so far. I received the tenant's $500 security d...
Mohammed Milord
What happens to your LLCs after using a 1013 Exchange for a trade-up??
Let's say you own three rental properties, and each property has its own LLC. What happens to the LLCs if you decide to trade the rental homes for an apartment building using a 1031 Exchange? Are the LLCs not under y...
Kevin Walsh
Does city need to allow a JADU on a two-house R-1 property?
I am looking for a real estate lawyer who has knowledge of ADU (accessory dwelling unit) law in California. I'd appreciate recommendations.My question: Is the city of Hawthorne required to allow an existing 450sf JADU...
Mike Bonadies
Looking for a reliable FHA/203k Broker
Hi DC BP,I'm rookie to REI but I'm looking to house-hack my way into my first investment buy finding a tri or quad-plex in the DMV area. One of the financial options I am looking at is getting a FHA/203k loan. Do you ...
Rich Barrett
Adding STR value with a boat
We are considering a lakehouse as a STR. I'm curious if anyone has offered add-ons for their renters? Has anyone added a car (directly or though Turo) or a boat or anything like that?I know it's done because as STR re...
Gustavo Gonzalez
Is RUBS worth a good idea? Central California Apartment
Wondering if anyone has any input on implementing RUBS for their property. I'm soon to close escrow on a 45 unit building in Central California (Bakersfield) and of course I'm looking to reduce expenses so I'm consid...