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26 April 2019 | 2 replies
First, you should verify his income supports the rent without her assistance.Second, you should write up a simple "Remove Tenant Addendum" that removes her from the lease, gives him complete control of the lease and responsibility for the rent and condition of the property, and that notifies her she is giving up any rights to the property or the security deposit.
29 April 2019 | 5 replies
My portfolio is split about 50/50 between real estate and paper assets.
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26 April 2019 | 3 replies
Lastly, you could get an equity loan on House B.Hint: your next financing step should match your acquisition strategy.Fix/Flip or BRRRR (Heloc might be best) or simple Buy/Hold purchase (cash-out refi might be best)
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5 June 2019 | 21 replies
A few weeks back I showed up in my beat-up truck and went to the door of a house with papers on the door.
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13 May 2019 | 16 replies
Welcome @Jason Lee we are glad to have you.You'll be able to find what you are looking for simple because you seek to be an active LP investor.
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29 April 2019 | 40 replies
It includes all major assets & liabs, inc some pers prop that has value (or is individually insured) & I would consider selling to fund new found opportunities or if there was a major emergency requiring a change in budgeting/liquidity.My PBS is currently three pages long, broken into sections w/ sub totals to assist in analysis:AssetsReal Prop (Assessed, Purchase/Rent data, 2-3 free online providers like Redfin, then averaged.)Personal Property (Cars, Art, Hard Assets, things not in an account or "foggy" daily market value)Cash Accounts (ie funds w/ access not limited by age, Banks, Brokerages, CVLI, prepaid taxes,large pending incomes like insurance settlements & reimbursements owed to me.)MineSpouseCo-AccountsRetirement Accounts (or anything where access to the value is age restricted)MineSpouseBusiness 1 (Net number carried over from separate business records)Business 2 (List as needed)Liabilities (Would section these out too if I had enough to justify it)Listed in order of assets above if tied to such, mortgages, HELOC, etc.General liabilities listed next, largest to smallest.Net Worth CalculationThen I include several lines of totals; subtotal of amount available for conversion to REI, ratios & simple measures like mo / mo & trailing 12 mo avg % & $ return.My FI goal is over the long term to average at least 1% mo / mo gain in net worth.I have found this to be best for me for several reasons:I have a hard time visualizing a set $ amount as a goal because my amount required to retire would then seem too big to tackle.
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1 May 2019 | 4 replies
Aloha,Simple answer: it depends.It depend on zoning, it depend on NCU (you can find out if your unit currently has valid certificate), it depend on condo’s by-laws and house rules (it will continue to change).Honolulu City and Council is currently tabled several bills to regulate and taxed, we won’t know which bill passes, or continue to amend and when the bill into effect.https://www.google.co.jp/amp/s/amp.thestate.com/news/business/national-business/article229502899.html
5 June 2019 | 7 replies
On paper, it seems like a good buy, but it has been for sale for 2 months.
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26 April 2019 | 2 replies
I'm considering keeping it simple for the first purchase by finding something on the MLS or easy to find FSBO.
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27 April 2019 | 5 replies
I went with a simple, neutral laminate.