Jimmy Humphrey
Over Leveraged?
10 May 2024 | 116 replies
In other words what debt can I take on and recover from without declaring bankruptcy and without drastically impacting my standard of living.
Yusuke Koike
Broken pipes cause tenant not to stay in the property
7 May 2024 | 20 replies
Condo bylaws and Declarations: Who is responsible for the pipes.
Jan Gates
Buying the note before foreclosure?
6 May 2024 | 8 replies
There is also a strong possibility of borrower declaring BK, adding another 6+ month to your hold time (if BK Ch. 7), or for 3 - 5 years if Ch. 13.
Rajib Bahar
How to collect judgment for 5 month's overdue rent in Fort Worth, Texas?
4 May 2024 | 15 replies
Imagine if every landlord with a squatter suddenly declared the rent was $10,000/mo.
Nick Nelson
Anything we're missing to reduce tax burden on sale of STR?
4 May 2024 | 4 replies
We held as primary for a year and STR for 2 years filing the appropriate tax declarations/forms etc. during each stage.
Matt Lavender
New to REI
3 May 2024 | 6 replies
Birmingham is a very popular market, not sure if you're open on Florence and Muscle Shoals, Alabama where we manage.I would be more than glad to help you with insights... we won't just help you find an investment but we can also help you manage it.
Austin Tam
Calling All ABC Capital Investors: Updates on Investments
6 May 2024 | 23 replies
Jay Walsh (ABC Capital / IPP USA) declared bankruptcy and Ricardo Scatollini, had disappeared.
Pete Ganze
Refinance Paperwork Nightmare
1 May 2024 | 4 replies
Here is the list:- Subject property deed- Property tax bills for all properties owned- Home owner’s insurance declaration pages for all properties owned- Lease agreements on all rentals/ or we can type a memo of month to month rents.- 2022 and 2023 Federal Tax returns with all schedules included- business and personal (if filed separately)- January 2024-current Profit/Loss, Balance sheet, debt schedule (template attached here- or can use your own profit/ loss template)- 30 days most recent paystubs and ’22 ’23 W2s if you receive pay checks.- Most recent 2 months of bank statements outside of CBNA- Most recent retirement/ investment/ life insurance statement, if applicable.Is this an insane amount of paper?
Steven M.
Due Diligence Checklist ?
1 May 2024 | 1 reply
Please provide us with no more than the last 8 Settlement Statements from your past transactions.Insurance Information: We will need a copy of the binder or declarations page for the property hazard insurance and, if applicable, the flood insurance.
Bruce Cook
Current rent is $1700 below market each month, what to do?
3 May 2024 | 19 replies
If you are in OC (not Santa Ana), you probably don't have to worry about rent control unless the law changes at a later date.3) Check your lease agreement for wording about rent increases and comply with the terms.4) Make sure Newsom hasn't declared a state of emergency...which often trigger rent freezes.5) Once you confirmed that your condo is exempt and no local protections apply, send a rent increase notice for any amount.