Brendan Blake
Pumping Cash flow back into mortage
18 December 2013 | 5 replies
Excess cash every month would essentially pay off more debt in the property and then use a 1031 exchange to move to a bigger property, all with the hope of avoiding the tax man.
Mark Turner
Rentec or Buildium or ? ...Property Management Software
9 October 2014 | 6 replies
Affordability and expandability - I only have 6 units (trying to avoid excessive fees and add-on costs)7.
Rene M.
Fooled by a high asking price - Should I continue or let it be
14 June 2019 | 30 replies
But at the same time scary here some of the issues:-Wiring/Electric issues: there were double taps and too small cables used-Standing water in half of the backyard (every time it rains harder according to the tenants)-One of the AC units is from 2003-AC air ducts are moldy-AC pipe in addict are crushed, insulation broken, taped with lots of air leaving-No drip pan and turn off switch for airhandler (2001) in one unit-Too little insulation-Moisture in the addict-Missing firewalls between the two units-One unit has copper pluming the other unit has recently received PEX, but where the wall was cut open to replace plumbing has not been closed and you can see lots of mold, mice droppings -One of the water heaters is sitting in water and mold on PVC and is rusting and leaking.
Ross Harter
Should I rent my current house if I buy new property?
1 June 2022 | 3 replies
Try doing the math to see if you would cash flow(have excess money left over from rent after paying the mortgage and your other expenses from the house) on the property with the market value rent.You mentioned needing to do the roof and gutters in a few years.
Kim Beresford
STR conversion: Carpet or No Carpet?
2 February 2023 | 19 replies
Carpet needs to be replaced more often with greater chances of getting stains or excess dirt build up.
Joseph McCrillis
How to Strategize Loan for OOS investment
1 December 2019 | 0 replies
That seems like the way to go, but it seems a bit excessive.
Account Closed
Paying off a loan early
4 December 2019 | 5 replies
This, coupled with a reduction on the price of the property given to us by the seller and the passage of about a year leaves us with needing only a few hundred thousand dollars when we finally closed a few months ago.Being left with over $2M on the loan, we've been making rather large payments to get rid of the amount in excess of what we need.
Roy Lam
Excessive Utility Usage
8 October 2019 | 9 replies
I have a duplex that my two tenants share the utilities charges. One tenant with the larger unit pays 2/3 of electric, gas and water. The other tenant pays the 1/3, During the summer, the electric bill was almost ...
Jack Ni
Buying a rental with 3.5 acres of land?
13 July 2019 | 11 replies
Lot of great things that may apply to you with your excess land.
Eric Creager
Resources for Remodels?
27 September 2019 | 1 reply
@Eric CreagerI dont know of a specific resource but in general you want to look at the big ticket items first.Foundation - cracks, settling, moisture (basements)Roof - age remaining life, condition- missing shingles, leaks improper valleys and flashing Hvac -age useful life left.