Marcos Carbi
Advice Needed: Long-Term Tenants Behind on Rent – How to Handle?
18 January 2025 | 5 replies
Advise them of the rental assistance program and have them apply immediately.
Jason Sung
Water leak at a bathroom and insurance claim (Safeco)
15 January 2025 | 6 replies
Continuous flooring concerns generally apply more to wood flooring, where matching is harder and more expensive.
Abhijit Roy choudhury
FINCEN requires Beneficial Ownership Information filing JANUARY 1, 2025
27 December 2024 | 4 replies
Quote from @Abhijit Roy choudhury: Financial Crime enforcement Network, requires reporting of Beneficial Ownership Information filing by 01/01/2025.Does this apply to us, Rental LLC owners.
Anthony Miller
Aspiring Residential Investor
7 January 2025 | 11 replies
-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Marc Shin
Should I get extra insurance outside of Aircover?
13 January 2025 | 16 replies
It's designed to protect assets in the event of lawsuits, negligence, etc. and it only applies when there is underlying insurance coverage.
Fredrick C. Oesterle
accepting multiple applications
9 January 2025 | 4 replies
I have multiple applicants that have applied. 2 look promising but both want to wait a month to move in.
Brad Kanouse
IRA funds as down payment
16 January 2025 | 17 replies
While this doesn’t apply to investment properties, it’s useful for primary residence or house-hacking strategies.3.60-Day Rollover Rule: You can withdraw funds from your IRA and avoid penalties as long as you return the money within 60 days.
Austin Tess
Questions about refi
29 December 2024 | 8 replies
I just bought my first investment property and I'm already looking out a year from now to start applying BRRR.
Craig Sparling
Exclusive right to rep (A post Burnet et Al world) for Real Estate investors
15 January 2025 | 2 replies
However, he asked me to sign a one-year Exclusive Right to Represent agreement, as presented to him by his brokerage.His interpretation is that it applies only when he materially assists me, but I think the boilerplate brokerage language he was given reads much more broadly:"If during the term of this Agreement Buyer enters into a contract for the purchase of Property through the services or efforts of the Broker or Buyer’s Brokerage Firm, or by or through any other persons during the term of this Agreement" (emphasis mine).My concern is that, under my interpretation, if a fellow real estate investor wants to unload a property or if I get pointed to an opportunity by a former agent, colleague, or friend, this agreement could create an obstacle to moving forward with the deal.In the end, I didn’t sign.
Angelo Llamas
Taxes on a property that isn’t yet ins service
14 January 2025 | 4 replies
His "owner occupied" loan application is ok if he intended to live there when he applied.