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Results (10,000+)
Cameron Riley Have you EVER sued section 8? Successful?
19 March 2024 | 52 replies
They could lose their Sect8 voucher due to this and I would also include this in the letter.
Andrew Shrigley NNN maintenance obligations
17 March 2024 | 6 replies
The lease states: Landlord agrees to make all necessary repairs to structural portions of the Premises, including the roof, exterior walls, foundation, and exterior sewer line.When preforming agreed upon repairs all the toilets were flushing and operating, not clogging.The tenant has been occupying the building for two months and emailed me yesterday saying that all the toilets were clogging.
Hoa Nguyen Surplas of rehab funds from hard money?
17 March 2024 | 4 replies
Something like: when the foundation is finished, the framing, electric and plumbing are in, roofing and siding, etc   They will usually hold back 20% or so until the house actually has cleared all permits including the final permit of occupancy.  
Taylor Bauer First Rental Property
16 March 2024 | 1 reply
Does the guideline for a monthly rent between 0.8% and 1.1% of the property's value include power, water, gas etc.?
Noelle Debruhl STR taxes on AirBnB and VRBO
17 March 2024 | 13 replies
I sent a property owner his financial report and I included my payout from airbnb in his numbers, mainly for him to see that we're not cheating him and he's getting his monies worth. 
Austin Beveridge NAR Settles $2B Lawsuit for $418M. No more 6% commissions
15 March 2024 | 1 reply
I think it will actually cost consumers more. 
Emory Clayton SLA Clause for fixing appliances in property?
16 March 2024 | 5 replies
Do yall include a clause in your rental contract that states that when an appliance breaks, that you will have it resolved in a certain time frame?
Deonte Hill Potential Lending Options
17 March 2024 | 13 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
Marci S. Do you include loan POINTS paid on a 1099-INT?
14 March 2024 | 2 replies
I am issuing her a 1099-INT, and a I have had some tell me that loan points paid should be included on the 1099-INT, and others tell me that loan points should not be included as they are not actual interest.
Juan David Maldonado No Woman, No Cry - Current Interest Rates
17 March 2024 | 15 replies
The current interest rates 6.9%-7% kill my numbers for an investment property because the mortgage payment already comes out to $1,300 a month with the big 4 included.