Archive for the ‘Rental Properties’ Category

I was considering refinancing my mortgage and taking an additional 40k out as a down payment to buy a rental house. Is this a good idea? What are the advantages/disadvantages?

How to handle funds for a church on rental properity without jeperdising it’s tax exempt status.

The property is a single family home.

WE did landscaping while we lived here, now the landlord is selling the property can we remove the improvments when we go?

I recently purchased and remolded a couple of investment properties in Dallas. One is ready for move in and I am looking for a tenant. Looking for the best way to advertise the property. Section 8 welcome, but I have heard that DHA is very slow.

How much is worth it to do house “rentals”?
What makes it worth it to do house rentals as a side business? I heard of someone that makes $300 / month for having a “few” rentals and to me that is $100 or less a month on each rental. Not worth it considering everything you have to repair and watch out for… So what makes it worth it? a certain % of the rent/mortgage ratio or $$ amount.

Have you done rentals with luck? Or was it a bad decision?

Right now I have a Single Family Residence that I use as a Rental Property. The home is in my Revocable Living Trust. I am going to form an LLC for the rental. Should I change the title to the house to the LLC or keep the Revocable Living Trust? I am trying to protect myself completely. I know I need to talk to my lender about changing the loan to the LLC and also home insurance to the LLC. But what about the title?? Thanks In Advance!

I have a piece of property I have owned since 2003. I have not been
claiming depreciation. I want to begin to do so. If I just start
claiming depreciation on my taxes is this considered an unauthorized
change in my method of accounting?
It was placed into service in 2003- I just never claimed depreciation.

I will be renting my home through a rental agency and need to know if it is beneficial to have a Home Warranty while you have renters or just allow the rental agency take care of maintenence?

if I currently own a home, and rent it out, then purchase another home to live in, and after a year the renters move out, and I can’t make the payments, and am forced to foreclose on my rental, can the mortgage company come after my new home? I live in MD.