Jarred S.
How much are you paying of the buyer's closing costs?
30 May 2012 | 8 replies
If it's remodeled an not in an outlying area, then closing costs aren't necessary most of the time.
Bradley Marion
Possible to grow without taking on debt?
2 February 2016 | 132 replies
Well I am not buying anything because as I stated originally I an not trying to finance anything and I only have 2 properties building me wealth right now so it will be a long time before I could be able to buy another.
Geoffrey Pritchett
First Rental Deal Evaluation
5 November 2018 | 10 replies
Those numbers may look high, but I'd rather have the reserves set aside and not need them than need them an not have them.
Teresa C.
Can an llc accept cash rental payments from tenants?
27 May 2015 | 11 replies
Original signed documents will pass the sniff test, deposit that cash immediately in the LLC account, the deposit slip can be annotated on the back as to what rents were paid.Being consistent in your record keeping is critical, might be that attorney simply thought the administration would be too much for you and advised you not to accept cash making your life easier, but s/he still needs to explain.Get with your accountant too!
Jeff Cotton
Troublesome Tenant Fees
22 June 2015 | 15 replies
It's a with them an not against them type of positioning where it's hard for them to see you as the enemy.
Virgilio Garcia
Duplex multifamily pros and cons
18 April 2016 | 24 replies
Even in a situation where one would break even, the appreciation, tax break, and owning an asset, clarifies owning an not renting.
Aquila Oliveira
worst eviction process
30 April 2016 | 18 replies
Then I'd be on the ready for her to loose it and catch it all on video - call cops or county health.Next, I think went letting out rooms there is some sort of addendum that says this is not a lease agreement and does not establish a landlord tenant arrangement, so on and so forth - so that when someone does not live up to say - maintaining a clean living environment - you could just change locks an not allow them further access to your house - naturally you would have to have their stuff packed and outside for them when they return to get it.
Charles Kappe
HELPPP!! Fair Housing Act, Americans with disabilities act
18 November 2015 | 11 replies
That before they go any further, they should read that article and all of the annotated laws that say they must accommodate you.The article's conclusion basically says that municipals should be aware that it would be very costly for them to fight a claim of discrimination on group homes.I'm such a law geek.
Jackson Long
doing a 1031 without using a QI
29 August 2021 | 13 replies
In rare cases it can make sense to save a few bucks an not hire a QI.
Avvy Morales
Utilities: who is responsible based on the signed contract
19 March 2020 | 10 replies
They can take, edit, resize, annotate, add smilies and post a picture on a tiny phone with ease but can't change a light bulb or swap out a battery at the back of a wall clock, let alone keeping an eye on a buried pipe or a leaky water heater relief valve.