Caleb Rehg
Renting to College Students
12 January 2025 | 23 replies
We don't rent that house at the moment so I can't say what the current situation is.
Clint Miller
Where Do You Find the Funds for the Down Payment?
26 January 2025 | 15 replies
Here are a few strategies to consider for funding a down payment:Partnering: Like Gregory mentioned, finding a partner who can contribute to the down payment in exchange for equity or a profit share is a solid option.HELOC or Cash-Out Refi: If you have equity in your home or another property, a home equity line of credit (HELOC) or cash-out refinance can provide the funds you need.Private Money: Reach out to friends, family, or private investors who may be interested in lending you the down payment with a promissory note.Seller Second: In some cases, the seller might agree to finance a portion of the down payment as a second mortgage.Live Frugally and Save: It takes time, but reducing expenses and setting aside funds from your income is a tried-and-true method.The right approach depends on your situation and deal structure, but a mix of creativity and resourcefulness can go a long way.
Michael Klinger
Ideas on $25K loan for multi-family working captial?
6 January 2025 | 11 replies
This relative to my situation, is a super modest amount of funds.
Robert Spiegel
Security Deposit Deduction: What is reasonable for cleaning
21 January 2025 | 10 replies
The Only other deductions that I have right now are $154 for unpaid water bill, and $45 for the minor repairs mentioned (doorbell, blinds, shower).Questions for the group:Does $540 seem excessive for a cleaning charge, given the situation?
Anthony Simeone
Gainesville STR Market
23 January 2025 | 14 replies
For example, I met an agent who is managing an Airbnb with a similar situation.
Nilusha Jayasinghe
Property reserves and personal efund locations
16 January 2025 | 12 replies
Obviously I don't know your entire situation so take my thoughts with a grain of salt.That peace of mind you get from a HELOC could be misplaced.
Mike Levene
Most efficient source to pull funds from for a down payment?
23 January 2025 | 7 replies
So far this is looking like a great option for my situation but I've never done one before.
Mak K.
Tenant lied and has a dog on first month of lease -Texas
16 January 2025 | 8 replies
I would be glad to kick her out if she doesn’t follow lease and liesHey Mak, this is a tricky situation.
Mohamad Guene
Mobile home investment.
8 January 2025 | 3 replies
., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.
Devon Shives
2nd house hack help!!
9 January 2025 | 2 replies
I was in a similar situation for my second house hack.