All Forum Posts by: Robert Vorhies

That what I would figure, but it's to go the check list.

thank you

@Jane Skulstad

That's a good point about the section 8.

Thank you.

@Doug McVinua

Thank you for that.

That is also a good point about the deposit.

Does the previous landlord give me the tenants security deposit or does that come out of my pocket?

@Bob Okenwa

It's month to month.

I need to renovate both the units.

Them leaving was kind of what I had in mind.

I am look to purchase a duplex in the city of Mesa Arizona and the currently tenants are only paying $500 and $600 per month. The going rate for the area is about $1100-$1300 per month.

when I purchase this property can I give a notice of increase of rent after 30 days or does the city of Mesa have a some form of rent control? Or is that just bad form to double the tenants rent?

thank you in advance for your help.

@Julia Rockwell

Congratulations on your purchase.

@Rich Hupper If you are have losses with a company or it's brand new the s Corp is great because it's a pass through entity. Which means gains and losses from the company will go to you personal tax return. My friend has a s Corp and the company was making a lot of money that passed though to his personal tax return, he had to pay the IRS about $30,000.00. The best thing is to talk to your CPA and attorney for tax advise. I structured my company so I could have the company pay for medical insurance and other things to get the deduction, but that was per Affordable Care act. It just depends on what you need. The s and c corps are just tax structures.

@Aram V. Both time I went through a broker that found the loan. First loan was first Franklin then it was sold to countywide. This year I went through fairway mortgage broker and that was sold to US Bank.

@Martin Potter Ok I bit what is Velocity Banking and where do I go to find out about it? Thank you

@Tracy Jelliff Yes, your dad can co-sign for you and you owner occupy it.