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20 October 2015 | 27 replies
I had to redo the apartment after Stephanie pretty much destroyed the place when she moved out 2 years later and after I paid for a dumpster, new paint, bed bug removal, and labor plus rental income loss I realized I could have done more research into her living habits.
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14 October 2015 | 5 replies
No matter how you structure the LLC, you'll probably run into the problem where an investor may be awarded tax breaks on a K-1 (passive losses, usually due to depreciation), but can not use them with his Adjusted Gross Income because it comes from a passive activity which he is not actively managing.
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12 October 2015 | 4 replies
Once you have these items checked, you will have access to all the cash buyers!
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15 October 2015 | 10 replies
Numerous times they were wrong which could have resulted in the loss of hundreds of thousands of dollars.
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12 October 2015 | 3 replies
Baring in mind the larger the down payment the more the risk of loss is offset.All seller finance should stay away from ideas of charging points at origination.
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13 October 2015 | 3 replies
You will want to account for these items although it was still rehabbed.
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16 May 2016 | 2 replies
Downside to a 15 vs a 30 is the loss of flexibility.
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14 October 2015 | 9 replies
I consider the score and the items on the score, along with stability of job and level of income as a whole.
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12 October 2015 | 5 replies
I don't ever plan to make this a full-time gig as my career as an engineer is fun and rewarding, but I like the idea of owning multiple properties and the financial flexibility that comes along with that.My wife and I purchased a new construction home in 2009 and took advantage of the $8k homebuyer credit. 6 years later we are selling our home at roughly a $15k loss, which is certainly unpleasant.
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13 October 2015 | 6 replies
I agree w/ Dmitri & Russell.This tenant sounds difficult to work with, and I'd want her out as soon as possible, w/o any incident.I'd take the lack of last month rent as loss, but turn it over as quickly as possible, and hope to find a better tenant, who'll stay long term.So basically cut the loss, and move on.