All Forum Posts by: Kevin Auyong

What kind of prices and roi are you seeing in Woodstock?

Thanks all.

Hi, I generally understand that the tenant should return the premises in the same condition as when they moved in less wear and tear. I have a tenant that when they moved in the place was thoroughly cleaned. This included shampooing the carpets for them. Upon leaving I told them if there are no damages and cleaned to move in condition like when they moved in I would refund all of their deposit.

They informed me the lease did not specify shampooing the carpets and thus would not do so even though it was done prior to them moving in. What is my position on this?

 Thanks. It makes sense and I will keep records of where funds go and how they were dispersed. My cpa answered an email I sent to her, but I wasn’t sure I understood her .

She said

“As far as taking out a loan to finance another rental property, I’d expect it is much the same whether it is a personal loan or secured by your car.”

I wasn’t sure if she meant that a personal loan was tax deductible or not.

I am looking to buy a rental house all cash. Purchase price to be between 20 to 30K inc repairs.

To fund this I am refinancing a car I own free and clear now for $30K.

If so what steps must I do to qualify?

Thanks!

Does this mean you can't raise the security deposit to cover an animal?

thanks all!

I have a walk out basement in-law unit I rent out in my house where my renter is vacating at the end of February . I usually use Craig’s list, are there any other places I should look at?

I will mention that despitewhat  Jay Hindrichs says ( who knows way more than me) , when you're this new, it's not bad to get chewed up and spit out by someone who knows the business. At this point you know so little that even getting abused by a mentor is going to be learning things or don't know. Now whether you stay and continue to learn is a different story.

How bad do you want it? I once drove 800 miles round trip and paid for overnight lodging to a 2 hour RE meetup to try to meet someone who was doing what I wanted.