
31 July 2015 | 6 replies
Some lenders require the property be held for one year, but some only require 6 months seasoning.

31 July 2015 | 1 reply
So in one sense your actions say that you held the property but your other actions say that your intent all along was to sell which would not qualify for 1031 treatment.I would talk to your accountant.

31 July 2015 | 1 reply
This is just my opinion (others will chime in), unless you have access to free business accounts, I would open a checking account for business operations and a savings account for deposits held for your tenants (you need to separate these funds).

1 November 2015 | 7 replies
Welcome Mariann, One great resource in our area is the Rhode Island Investors Meeting, held every third Thursday of the month at the Hilton Garden Inn in Warwick.

19 September 2015 | 15 replies
The house was a dump, basement leaking, plumbing held together with duct tape, crazy electrical.

22 August 2015 | 5 replies
THe difference between a QCD and a Warranty Deed is that with a Warranty Deed, the Grantor is warranting that they do have free and clear title other than any exceptions noted in the deed.You can go down to the court house where all the land records are held for your area and search the property for liens - generally the staff there can help you with that.
24 August 2015 | 2 replies
You will not be held responsible for a bill that was created prior to you taking ownership of he property.

26 August 2015 | 3 replies
Our first year goal was to own one rental unit that met all our criteria.

29 August 2015 | 1 reply
Tenants terrace has 3 doors 1) window door, 2) terrace screen door and 3) metal door, all able to open at free will.