Paige Roberts
My Father stole new title and keys to my old car
19 October 2018 | 4 replies
I think you need to cut him out of your life and your child's, at least for a while.
Lazaro D Masot
Joining the ranks as a newbie investor from Miami, FL
13 September 2018 | 7 replies
I was born in Cuba, but I have been in this amazing country since I was a child.
Nancy Roth
Terrible tragedy for Sec. 8 tenant: how to respond?
19 September 2018 | 24 replies
I think Section 8 will still consider an adult child a dependent, if that person is still in school.
Kristy Pedersen
Cash-out Refinance advice for next property
17 September 2018 | 20 replies
Only way we can probably get in another property this soon would be if we had a child( the need for more room) or the property Is real close to my job which from what I’m told by some lenders would be a good enough reason for the underwriter.
Drew Y.
Stress testing your Real Estate Portfolio
7 October 2018 | 3 replies
So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70% 1) Fixed Expenses: a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance: 5.4% 2) Variable expense - Water bills + repair expense : 16% Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7% b)Child Care: 25.4%c)Living expense: 22.2% d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100% A) Rental Income: 42% B) Wage income (W-2) : 26 % C) House Flipping Revenue: 23% D) Property Management Revenue: 5% E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.
Drew Y.
Quick way to determine if your Portfolio can Survive a Recession.
19 September 2018 | 1 reply
So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70% 1) Fixed Expenses: a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance: 5.4% 2) Variable expense - Water bills + repair expense : 16%Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7%b)Child Care: 25.4%c)Living expense: 22.2%d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100% A) Rental Income: 42% B) Wage income (W-2) : 26 % C) House Flipping Revenue: 23% D) Property Management Revenue: 5% E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.
Jeremy Lee
1031 Exchange and Tenants in Common
18 September 2018 | 2 replies
This would be perfectly fine and something we recommend if a parent wants to 1031 into a house for a child - Make a lease, collect rent, declare income, and then gift back to the child if you really don't want to collect rent.It sounds like the way you've done it is a little fuzzier.
Jenn A.
Should tenants get a one time reduced rent
20 September 2018 | 20 replies
I am not sure how long it was before the window units came into play, but any nights without them were probably hell, and dangerous for the child.
Ben Bymaster
A College Dilemma
10 October 2018 | 45 replies
I would stare at house plan books for hours on end as a child, before creating my own floor plans.
Martin Mondejar
New Member from Phoenix, Arizona Looking to Develop REI Strategy
28 September 2018 | 9 replies
I currently live in a rental with my wife and newborn daughter.I currently work in the commercial building industry as a licensed Architect.