All Forum Posts by: Oleksandr Ivanovskiy

@Adiel Gorel

Yes. It is a recession already. The question is for how long.

@Jay Hinrichs

Received from 2 tenants out of three.

The third one works in hospitality industry. Frankly she was late on rent even before the virus.

@Justin Bautista

If those holes are from things being hang it’s ok.

But if those holes made by moving furniture or slamming doors. You charge her for labor and material to fix it.

I have property I bought with hard money. I want to refinance at a lower %. My option now is only another hard money lender around 5% since I don’t have W2 income . Is it smart or it’s better get W2 income and refinance with lower %?

@Gregory Schwartz

I did apply yesterday. Frankly I don’t expect it come quickly if it does come.

@David Hulit

Thank you for information. Very useful.

I applied for one that doesn’t need to repay.

@Don Spafford

Agree. You have to evaluate situation individually.

As some can and will take advantage of situation. I already contacted my tenants.

I have not raise the rent for 2 years. I am debating for how much I have to raise it. Any suggestions?

My tax advisor stated that I can’t write off the loses on rental properties since my personal income exceeded 150k.

How true is it?

@Shiloh Lundahl

Agree to some degree. The only thing that you can’t save time. Perfect case scenario in real life usually don’t exist:)