Rasmey Rentals » Property

Can I get a Home Equity Loan to purchase a rental property?

Admin — Thu, 04 Feb 2010 12:29:57 +0000

So, that way I could use some money to rehab around the property rather than getting a mortgage loan. The rental properties are usually ranged $30K to $50K.

Thanks!

Can owning 1 or 2 rental property qualify you as a real estate professional.?

Admin — Thu, 04 Feb 2010 08:27:54 +0000

I am planning to buy 2 rental properties, approximately $250,000 total. My wife and I both work full-time. Does owning 2 rental properties qualify either one of us as a real estate professional so that we could get losses on these properties as tax deductions against our personal income.? If not, what can we do about these rental losses (mainly due to depreciation on the property). Thanks in advance.

Is buying a rental property the same as buying primary residence?

Admin — Thu, 04 Feb 2010 04:24:52 +0000

I’ve bought a home three years ago. I know want to start buying rental properties. Is the process the same as far as income, credit, and down payment or is it different due to it being a investment property? How should I go about starting?

How do you report a foreclosed rental property to the IRS?

Admin — Thu, 04 Feb 2010 00:25:27 +0000

I have a rental in 2006 and 2007 and reported it to IRS.
In 2008 the property was foreclosed. Therefore, no rentals to report in 2008. I need to have closure to this transaction and let the IRS know that this rental property no longer exixt. I would apreciate any help

how can you decorate a rental property to your liking?

Admin — Wed, 03 Feb 2010 20:22:32 +0000

my family is getting ready to move into a rental property but they are all so bland and yucky and have no charachter. any ideas on how to spruce it up for cheap?

I am foreclosing on a rental property, can the lienholder place a lien on my primary residence?

Admin — Wed, 03 Feb 2010 16:30:41 +0000

The rental property was previously my primary residence, but is now vacant (no tenant). We can not afford the payment as the interest rate has skyrocketed.

Is there a insurance that rental property owners can buy for appliances and HVAC units and other losses?

Admin — Wed, 03 Feb 2010 12:45:56 +0000

Is there a insurance policy that rental property owners can purchase to cover losses that homeowners policy does not cover?

What are the best neighborhoods in San Jose to buy a rental investment property?

Admin — Wed, 03 Feb 2010 09:07:09 +0000

I am going to buy a rental property for investment (a Condo, in the range of $150,000 to $250,000). I am not familiar with San Jose area. Could any one tell me what are the best neighborhoods and/or which neighborhoods should I avoid in San Jose?

Where I can find home owners Insurance policy for a Rental Property that also covers the Property Management?

Admin — Wed, 03 Feb 2010 04:23:40 +0000

We have a property management company that handles our rental property. They require us to carry a homeowners policy with THEIR name on our policy for liability. This type of policy does not seem to be the norm and therefore is hard to find. Can anyone assist? The home is in Texas. Thanks!

What’s the best way to make your primary residence a rental property?

Admin — Wed, 03 Feb 2010 00:35:56 +0000

We are moving from our primary residence in Jackson, GA and want to use this home as a rental property. Do I need to notify my mortgage company about this, because it will no longer be our primary residence? What other advice is there for properly renting out our primary residence?