All Forum Posts by: Dan Krupa

Hi everyone, looking for some advice. I will be leaving a well paying W2 job in 10 months to pursue REI full time. We currently have a property with a mortgage of 2.75% at 15 years. We are currently losing approximately $400 a month on that home with repairs, cap x, and PITI. However, we gain 10k in equity every year and write off the loses on our taxes.

We could REFI to 3.5% at 30 years and PITI would change to $820, I would set approximately $200 to $250 aside for repairs and cap x.

Home rents for $1095 a month.  

Our thought is to REFI to the 30 year now that we won't have my W2 job to cover the loss every month.

Thoughts from the community? (Better to gain the equity or have the cash?) 

Thanks in advance

Seeking lease review and having an attorney to consult with in case of a future incident.

Looking for recommendations to a real estate attorney in Tacoma, WA.  

Thanks in advance for any help.  

Jacqueline, no. Can we legally do that without using a court first? I read online you need to be careful of that due to the varying laws in each state.  That would be ideal honestly...

Previously had a property manager running one of our properties in Puyallup, WA. Under the previous property manager the old tenant broke the lease without providing proper notice to vacate, damaged the property, and did not pay the final months rent.  Total damages and back rent is $2800, after security deposit was withheld.  The property manage charged the old tenants for the sum of $2800. The old tenants got a personal injury lawyer who mailed us saying they refuse to pay and in turn will sue us if we do not pay $800 to them.(we have terminated relations with the property manager) 

We are in the military and deployed over seas.  We are not afraid to go to small claims court; we have all the documents and photos to back up claims for monies owed to us.  We sought legal advice and responded in turn to their attorney. We have not heard back in over 20 days from their attorney.  

Does anyone have anyone recommendations regarding what we can do?  Do we have to go to small claims court in WA state, we are stationed on the East Coast, or do we have other options to collect the monies we are owned? 

We would truly appreciate any help you anyone could provide.