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Results (10,000+)
Tanner Marsey Tell me if I’m wrong but....
23 February 2018 | 23 replies
I appreciate the detailed response.
Warren Blevins Question on Lease/Option to Buy Agreement
17 February 2018 | 3 replies
The “agreement” he sent me is below (identifying details redacted):______________________RESIDENTIAL LEASE and OPTION TO PURCHASE AGREEMENTBUYER/TENANT: XXX Holdings, LLC Date: 2-16-2018SELLER/LANDLORD: XXXPROPERTY ADDRESS: XXXXXXRESIDENTIAL LEASE1) Rent: $2,500 per month2) Lease Term: 36 months, beginning March 16, 2018 and ending March 16, 2021.3) Maintenance: Buyer/Tenant will be responsible for maintenance and repairs ofthe property, not to exceed $500 per incident.4) Sub-Lease: Buyer/Tenant has the right to sub-lease this property with writtenconsent by the Seller / Landlord, and this shall not be unreasonably withheld.OPTION to PURCHASE1) Purchase Price: $ 345,0002) Option Period: 36 months, beginning March 16, 2018 and ending March 16,2021.3) Option Consideration: $100 - All Option Consideration will be credited in fulltoward the purchase of the property.4) Rent Credit: Buyer/Tenant will be credited $ 0 per month toward the purchase.5) Closing Costs: Purchaser will pay all allowable closing costs.6) Expiration: This offer shall expire on March 16, 2021.7) Inspection: This offer is contingent upon physical inspection of property andsubsequent completion of a more formal and signed Residential Lease with Optionto Purchase Agreement.8) Non-Exclusive – This agreement is non-exclusive and can be canceled anytimeby either party.9) Assignable – This Agreement is assignable with written consent by the Seller /Landlord, and this shall not be unreasonably withheld.X_____________________________ X ________________________________Seller/Landlord Date Buyer/Tenant Date_________________I have a few questions: Is this legit?
Wayne Connell 30 year loan versus 15
21 February 2018 | 12 replies
Without knowing more details about your property, the 10-15 year terms are the reason why you're paying high monthly financing costs.
Alefa Daley In search of investor-friendly agent in San Diego
22 February 2018 | 5 replies
Would love to speak with someone in Greater detail.
Amanda N. Terrible first deal?
17 February 2018 | 8 replies
I would need to see pics and detailed bid for rehab to get a better idea, but 60k does not go far on a 10 unit. 
Christen G. Tenant brought in "portable washer" which (of course) leaked
17 February 2018 | 3 replies
That begins the process and you then do as your agent instructs.
Michael Plaks Sch C reporting of installment sales for residential lot dealers
19 February 2018 | 2 replies
I found this little nugget of info in the instructions for Schedule C (Line 1):Installment sales.Generally, the installment method cannot be used to report income from the sale of (a) personal property regularly sold under the installment method, or (b) real property held for resale to customers.
Steve Kresse Pre-Service Rental Deductions vs Capitalization
18 February 2018 | 1 reply
The instructions are meant for a textbook situation when you place the property in service the same year you purchased it.Longer and more accurate answer: you may want to pro-rate insurance.
Robert Shelton New Vacation rental approach (yacht)
24 February 2018 | 8 replies
I have not worked out all the details yet but wondered if anyone has looked into this option ever?
Surendra Chawla Need Help with identifying investment property in Chandler AZ
21 March 2021 | 29 replies
@Surendra Chawla Just updated some of my assumptions in prior post to give more detail.