Michael K.
Financial Modeling of Renovation/Rehab Costs
10 February 2019 | 8 replies
I usually just add this amount to the cash invested equity portion.
John Cole
VA Real Estate License - Best class?
25 October 2010 | 6 replies
The only thing that bothered me a bit was that their website mentioned that the last update to their materials occured on 2009, but probably not a big deal.Is the online portion all reading or does it have audio and illustrations as well?
Shane Moss
Your thoughts on renting to a couple with young children (like a 2 year old)
16 January 2011 | 19 replies
Depending on the length of the tenancy the tenants will be responsible for all or a portion of the cost of repainting, especially if it's not normal wear and tear, like crayons or marker.
Daniel Leake
FHA Changes Mind on Mortgage
1 November 2010 | 4 replies
(As a side note, it was condemned for a short time because of some unpainted portions on the outside of the house.
Andrew M.
Should I take the plunge
29 November 2010 | 4 replies
He basically gave me way more than I bargained for and walked me through the purchase rehab and management of my first rental unit which I have agreed to give him a portion of the final profit on.
Bill W
First deal
8 December 2010 | 3 replies
To me a loan implies principle will be paid back with interest, how would the loan be structured if the interest portion (profit) is unknown at the time of the loan.
Eric A.
Post Fire - Release Tenant's Deposit?
2 January 2011 | 6 replies
You may be required to refund whatever portion of the rent he paid for time that he didn't live there though.
Paul B.
Questions about providing "property preservation" services (re-keys, trash-outs, winterizations, etc.)
7 January 2011 | 6 replies
His portion of the business was making him about $12,000 month gross.I told him to give up his day job and just work on his business.
Janet Powers
Lease Options in Today's Market
20 January 2011 | 12 replies
Hello again Janet and fellow investors,I'm not surprised when you mention creative terms such as owner financing and lease options, things get a little heated.This reminds me of the Auto repair shop that we built from scratch, and even during some pretty tough times, we were able to grow it by focusing on giving our customers "WOW" service, mixed in with a healthy portion of ethics and honesty.We also invested the time and money to learn the complex workings of today's cars, which allowed us to fix them right the first time!
Kelle Jacobs
Tax implications of carrying debt on primary vs investment property?
9 August 2009 | 3 replies
The home we inherited does not currently have a mortgage on it.We are looking at refinancing our primary residence, and I'm thinking there will be a tax benefit to shifting some of our debt to the rental property, but I was hoping someone on this forum can validate or disprove my thinking.Every year we end up paying the Alternative Minimum Tax, which makes a portion of the mortgage interest on our primary residence non-deductible.