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2 October 2024 | 0 replies
Tenants were bought out due to COVID eviction moratorium, asset then received cosmetic renovations and was leased up to a rent roll of over $16,000 before being sold for $1,350,000.
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4 October 2024 | 10 replies
If you do receive a bad review - I would 1.
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1 October 2024 | 12 replies
Ideally I want the money collected to be accounted in the month I'm paying the mortgage so I can get a better sense of my monthly cashflow month over month, but that means I will need to record the draw I receive in October in September so things all line up nicely.Anyone have any thoughts on that?
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5 October 2024 | 16 replies
I’ve received some conflicting advice:- My tax advisor suggested keeping the negative cash flow from Property 1, as it helps offset my current job income, which is around $240,000 annually.- My mentor recommended that I sell both properties and put the funds to work elsewhere, potentially in more lucrative opportunities.I feel like holding onto the negative cashflow is limiting my growth potential, but I'm trying to weigh the options carefully.
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1 October 2024 | 13 replies
On Monday, we presented our 253-unit townhome Planned Unit Development (PUD) to the City Commission and received a favorable 4/5 vote!
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3 October 2024 | 7 replies
I received 3 rentals since Saturday, all of which were previously in Sanibel or Anna Maria island and were cancelled because of Helene.
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1 October 2024 | 4 replies
I asked a question last week about how to purchase a 50k turnkey rental property with a DSCR Loan and received some great feedback.
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1 October 2024 | 9 replies
At closing a Note was issued and a Mortgage/Deed of Trust were issued showing the Borrower (Investor's) indebtedness to me, with a Mortgage/Deed of Trust showing my rights as Lender over the Borrower's property.I have received mixed recommendations on this topic and am looking for guidance that is consistent.Specifically, I lent money and had the investor/borrower/property owner place me as "Mortgagee" on their property's insurance policy.
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2 October 2024 | 13 replies
You’ll receive notifications when there is conversation in the forums you follow or if a user mentions those keywords—so keep them updated often!
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1 October 2024 | 26 replies
My lease states I am not responsible for collecting the rent, the tenant is responsible in making sure I receive the rent.