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Results (10,000+)
Mak K. Section8 tenant- kicking out strategy
14 September 2024 | 4 replies
She did not pay her first month due before housing kicked in.we will be sending her non renewal of lease and good chance she will not move and she plays I do not have money to move out (coz her sibling stays nearby). hence we foresee eviction down the line.what would be a good solid reason to do paperwork for eviction notice.
Bridget Grant Help, I think I made a big mistake with tax sale properties
15 September 2024 | 33 replies
I believe in general, liens which are subordinate to real property taxes, which includes mortgages, are extinguished by a tax deed sale as long as they were provided proper notice of the sale. 
Maciej G. Tenant threatens to sue me for $20 000
15 September 2024 | 61 replies
It should cut down on costs and complaints.If the tenant demands upgrades you can't do, I'd give him whatever notice is applicable in the jurisdiction to tell him to go pound sand and find another place to live.
Kristin Boekhoff Bad Start Letter?
12 September 2024 | 21 replies
Heck it’s common practice to make someone aware of an impending obligation.
Ben Einspahr Using STR/MTR income to qualify for my next house hack
14 September 2024 | 10 replies
One of the most common house hacking strategies in the Denver metro area is the Airbnb House Hack.
Eve Favorse Dodged a Cash Offer Nightmare
14 September 2024 | 4 replies
Hi BP Family, This week, I made a cash offer on an SFH and gave a 48 hour expiration notice.  
Josh Cocker Advice for Rookie RE: Seller waiving inspection
14 September 2024 | 9 replies
Hi All and thanks in advance for any feedback / guidance, I am new to the US market and thought home inspections were common place when buying so any feedback is appreciated.  
Marc Shin STR bonus depreciation when purchasing with an LLC?
15 September 2024 | 11 replies
The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.
Tim Melin Thoughts on DSCR Loans
15 September 2024 | 38 replies
For investment property, I would say commonly you are going to have 80% to 75% LTV. 
Mergim Kacija Seeking Advice on Lender-Placed Insurance Dispute After Loan Payoff
14 September 2024 | 5 replies
When I sold the house 120 days later, I noticed a $14k charge for lender-placed insurance on the closing statement.I reached out to the lender and provided proof of my coverage during the loan period.