Tom Ochieng
Inherited tenants questions
15 January 2025 | 3 replies
@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.
DJ Wilson
Keep Security Deposit for Unpaid Rent in California?
15 January 2025 | 4 replies
Yes, you can deduct the 8 days rent from the security deposit.
Mike Levene
Most efficient source to pull funds from for a down payment?
23 January 2025 | 7 replies
FYI I do have plenty of reserves for my other units already, but would like to keep each property separate.My question is, where should I draw funds from to pay the least amount in penalties, taxes, loan interest, etc. from the following sources I have available:- 20 year 401k loan for a property- Sell a piece of my stock portfolio at 15% capital gains tax- Take a HELOC against an existing property- Private money loan from a trusted partner I have worked with beforeAlternatively, I could pool the reserves for all my properties to ensure I can cover anything immediate and know that I could always sell off a piece of my stock portfolio if needed and have the funds within 3 business days or set up a HELOC and only draw from it if needed.Appreciate any thoughts or what you have done in the past.
Agatha Simmons
Advice for newbie. Evicting Sec8 tenant
28 January 2025 | 16 replies
I'd also tell them if they need to leave before Dec, as long as they provide 30 days' notice, you are fine with it.
Isaac Hanai
Exploring Section 8 Multi-Family Investments in St. Louis, MO – Advice Needed
23 January 2025 | 8 replies
As a PM, his team would be familiar with areas and could help underwrite the property and take care of the day to day headaches.
Jay Hinrichs
LA fires Wholesalers Beware
20 January 2025 | 19 replies
The timing of people most apt to say "F-it, I'm done with this stuff, I'm gonna take the $ and run" is in that 90 day period.
Dan Ross
Is the Pace Morby Subto program worth 10,000 dollars?
28 January 2025 | 48 replies
There was a great feed the other day with about 35 awful pieces of advice which mostly noted: "quit claim deed the property"...
Jeremy Beland
A Hard Lesson Learned from Our 2022 "Scary House" Flip
16 January 2025 | 16 replies
Youre right, but if you are doing the work yourself it can be daunting because the buck stops with you and having that responsibility on your plate 24/7 every waking hour of the day and putting in 12 hour days, it can be rough.
Steven Barr
Builders Risk & Liability Insurance - Post Construction
16 January 2025 | 1 reply
The provider I am using allows for 60 days of continued coverage once construction is completed.
Cosmo DePinto
Moving property from personal to LLC
27 January 2025 | 6 replies
Almost all mortgage loans these days have Due on Sale clauses, so it comes down to A) whether they find out (usually from changes in the insurance policy), and B) whether they choose to call the loan.