What's the best way to handle prohibited transactions in an IRA, ie, mistakenly taking monthly lease payments and claiming as income and paying taxes on that income.  What should I do to resolve past prohibited transa...

I guess I’m not fully aware of the rules and regulations for a fha loan. In my defense I’m still a REI newbie. It’s a process and I’m still learning. Can someone please dumb it down for me please? Can a LLC get a fha ...

So I have this older house, bought as a student rental for my own son and his buddy/roommates, all of whom have lots of electronic devices (computers, laptops, xBoxes, projectors, phone chargers, etc etc).  Hardly any...

I purchased a rental property in detroit back in 2020 october and in 2021 October i sold it. In 2022 of May the purchaser is saying he is gonna sue me for 4k to help him pay for some of the lead abatement cost. Me and...

My wife and I are considering purchasing our first 6 unit apartment building.  The numbers are looking good so far but our only question is that 3 of the 6 units are rented to Section 8 recipients.  We have never had ...

My wife and I closed on our first rental in October 2020.  We have a renter and is cash flowing $185/mn.  We enjoyed the search, purchase, rehab, and renting process.  Previously we've done two successful but major li...

Anyone aware of the ins and outs of how Fannie Mae-backed conventional lenders count income from Airbnbs? Specifically, my question is whether you can acquire a short-term rental, then immediately turn around and use ...

I know that states will allow you are to do it either way:

ABC PROPERTIES LLC or ABC PROPERTIES, LLC

This might seem like a strange question, but is there an advantage to doing it one way or the other? On my state's...

Location: UPSTATE NEW YORKHi all! First off, I'm not certain this is the appropriate forum to be posting this on so apologies ahead of time if this is not the correct space. Situation: House went under contract for sa...

Went to closing as scheduled 10/30 9am. Stunned by mortgage payment 533.00 on a 40,000 loan 5 yr balloon payment over 10 yrs. Did not receive hud1 before closing table.
Termite bond incomplete because company require...