All Forum Posts by: Bob Foglia

Definitely a newbie question so bear with me... I'm planning to purchase a few single-family rental properties in eastern Missouri. My question is regarding the loan/mortgages for these lower-cost properties ($80K to $95K each but they cash flow great)... I'm noticing that price range is a problem when it comes to lenders. 

Does anyone do these smaller loans reasonably? 

Or is there any way to package the loans together (4 properties) to make it more worthwhile?   

Thank you all for taking the time to respond. You've echoed many of my thoughts... I'm always glad when I'm in agreement with the pros! I think it's time to have a conversation with them about selling the house.

Wish me luck.

I have a rental "by default" (it was my primary residence but d/t the economy I held it when I moved)... Anyway, it is not a great rental but does have a fair bit of equity built up... The same renters have been in the house for a few years, but are currently month-to-month. Not the greatest renters, so I'm considering all my options... What are my options??? What are the ramifications to a purchaser of an occupied property? It is going to need some sprucing up... would I be better off encouraging the renters to find another place to live (they owe me some money I'd write off if they leave). Thoughts?

Thanks so much! I really appreciate the help. Definitely some questions I wouldn’t have thought of.

Awhile back I saw a post that linked to an article regarding the questions you should ask a prospective Accountant/CPA/Enrolled Agent before hiring them... I'm looking for tax help and would love to see that list. Does anyone have that info handy?

Thanks in advance.

Bob

 I’m in need of a plumber or  handyman to do some basic plumbing repairs on my rental property in North OKC.

Does anyone have someone they trust?

Thanks in advance,

Bob 

I'm shopping for rental property insurance for a single family home I own and have leased in OKC. 

Any suggestions on good agents/brokers? 

Thanks in advance,

Bob

No suggestions?

I am looking to get quotes and hire a contractor to install an exterior door into my below grade basement just south of Denver Colorado.

Thank you in advance.