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12 July 2024 | 281 replies
Last year I received a call from a man renting what used to be my personal home, explaining to me that he didn't have the money for rent, wouldn't anytime soon because of a job loss, and asked me if we could barter rent, for sex with his wife.
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8 July 2024 | 7 replies
If you cut your price to $1350 a month and placed a renter after 30 days, your total loss would be must smaller.
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11 July 2024 | 24 replies
Even if not required, I suggest getting rental loss coverage on your deals. 6 months is suggested.
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9 July 2024 | 21 replies
What would be the best way to approach this situation to recover the money owed?
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8 July 2024 | 6 replies
I figure I'll get losses of 20-30% of the purchase price as a general rule.
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8 July 2024 | 20 replies
Hey @Nelisa Lee, @Gregory Schwartz is referring to the profit & loss within QBO not showing the cash flow of each property since it does not factor in things like principal paydown, PITI escrow payments, CapEx, etc (those are balance sheet accounts).
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10 July 2024 | 12 replies
We don't know what states the properties reside.Florida, Georgia, Hawaii, Illinois, Indiana, Montana, South Dakota, Virginia have different laws.Oh, and by the way, an attestation to the insurer and others (mortgagee) will not change premiums nor constitute a “sale.”There are considerations such as the loss of asset protection after judgment (beneficial interest is personal property, not real property), but if the property is clear of a mortgage and the concern is title theft (a concern you raised), then putting the property into a land trust is probably a lower cost alternative to maintaining a debt (which irritates the wife).
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8 July 2024 | 8 replies
Jumping into any investment without knowledge can be a recipe for disaster or great losses.
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8 July 2024 | 14 replies
I was just looking in our county's online court docket and see a company based in our area called something like Rent Recover handling plenty of cases, so I was going to check it out and see if maybe they can do something.
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9 July 2024 | 4 replies
If it will cost you considerably more in the future and loss of appreciation, lose of tax writeoffs and lose of cash flow in the meanwhile, than the amount of debt you are paying off, how does that put you ahead?