Charles Player
How to own rental property
I bought a rental house here near Atlanta,GA last year. I have a tenant and good equity in the house.When I went to refinance my main house, they looked at my W-2"s and took the expenses of my rental and deducted it f...
Traci Lovelace
Title insurance and LLC
Good morning, My husband and I purchased two foreclosures, then created an LLC and transferred title to the LLC. (We were not initially all in the game) The title insurance policies are issued to us as individuals ...
Ben Blake
Land Contract question
Last year I sold one of my properties on land contract. Do I need to provide my buyer with a form 1098 for mortgage interest? Wondering if this still applies even though it is not a traditional "mortgage".
Ada Tor
Renting a primary residence house - personal liability issues
I am putting my primary residence home up as a rental. Hoping for advice of the Pros:1. What is the most cost-efficient way to transfer a property to LLC? Attorney, CPA, paralegal?2. Does an LLC need to be maintained ...
Eric McLaughlin
Tax assessment and water bill balance
Hello!Put an offer in on an REO in Ohio. Bank countered my offer within a reasonable amount. I’m ready to accept but In waiting for their reply, I found out there’s a currently a tax assessment on the property for th...
Den Dugan
Beyond the 10th "golden ticket"
I'd greatly appreciate what people have learned to be the most sound approaches to moving beyond the 10th golden ticket (20 if married). I've studied and learned a bit about transferring title one at a time into an LL...
Jordan Woolf
Wholesaling 20 acre property
I have a buyer looking for 20 acres of property an are willing to pay up to $250,000. I have a property in mind. Should I negotiate a contract for the property and then transfer it to the buyer, or should I approach t...
Skylar Walker
FHA Loan In another state?
I can transfer my job but the request can take up to 6 months to fully go through. However, I want to purchase the home now. Would I be able to qualify for an FHA loan if I’m here in CT But won’t be in FL for about 6 ...
Damion Ricketts
Should I find a co-signer
I have 2 properties with equity an I want to HELOC or cash out refinance them to purchase more rentals but I don’t have the depth to income or credit score. Do I get a co-signer or just work to get it right first?
Daryl L.
Regular Mortgage to Rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $127,500
Cash invested: $8,000
First house bought, on a 30-yr mortgage. Transferred to a rental after 4 years of l...