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13 June 2024 | 11 replies
Happy to pay for this great sheet if I can get a sense of what it includes above/beyond the other version.
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12 June 2024 | 9 replies
The tenant fails to pay their last month's rent and leaves the place needing new flooring and paint.
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14 June 2024 | 28 replies
I’m thinking of taking my friend up on a 25% interest promissory note for his company just so I can cover the $2k/month interest I’m paying on this equity cash out.
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12 June 2024 | 4 replies
I am looking for a bank that holds tenants security deposits and automatically pays the interest directly to the tenant annually, see the rest for description.Hello, I am a first time property owner and am trying to figure out where it is best to deposit security deposits, I am aware that it must be deposited in an interest bearing account per MASS law but also the tenant needs to receive the interest annually and I do not want to have to manually perform this task.
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12 June 2024 | 6 replies
I recently bought a 4plex and I was told one of the 4 tenants did not always pay on time, so no surprise in my first month there was, you guessed it, one of the tenants did not pay.
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12 June 2024 | 8 replies
You recover and pay ordinary taxes on the depreciation you took, or should have taken, and then you pay capital gains on the profit.
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12 June 2024 | 2 replies
The plan here is to have a local (RV Certified) tiny home builder do the marketing to attract buyers that want to buy their tiny homes (cash or 25 year financing) and live in this park, until there are 44 pads occupied by tenant-owned tiny homes, paying $750/mo lot rent, on 1 year leases.
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14 June 2024 | 23 replies
Eventually, years down the road, I would like to sell some of the properties that I have acquired to pay off other properties and own them free and clear.
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12 June 2024 | 3 replies
We use a YTDpaystub and last year’s W-2(s) to calculate income several different ways:Hourly or salary income calculated to a monthly amountYTD income divided by number of YTD monthsYTD + W-2(s) income divided by the corresponding number of monthsIf these numbers vary too much, then we investigate and require an acceptable Letter of Explanation.Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment to make surethey’ll always be able to pay the rent on time.
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12 June 2024 | 47 replies
Most attorneys won't mess with taking a house from you, paying fees, and auctioning it if the bank owns 60 percent.