
22 December 2018 | 2 replies
My current tenants which were inherited when I bought the property are moving next month..So now the real challenge of being a first time landlord is approaching, and my biggest concerns with screening are:Evictions and Criminal Background - How do you check for this?

6 April 2019 | 10 replies
This year's goal is to just focus on flipping mild fixer uppers as it's a little more fun and active.

23 December 2018 | 4 replies
The first step is to determine how much time you can devote to real estate investing: it will help you narrow your focus to either passive or active RE investing.

7 January 2019 | 14 replies
We have an active meetup that meets about once a month.

27 December 2018 | 3 replies
@Reid MathewsGenerally speaking, if your rental activities rise to the level of a 'trade or business', any costs that are 'ordinary and necessary' for running a rental real estate business can be expensed.

27 December 2018 | 26 replies
If the government decides that whatever money he puts into the deal was gained through illegal activities (e.g. drug dealing, extortion, etc), they can seize those funds - and I guess any assets he acquired through their use.2.

27 December 2018 | 13 replies
@Rupert GrantAs you probably already know Solo 401k plan is not for everyone - you must have legitimate self-employment activity or business with earned income in order to qualify for it.

24 December 2018 | 5 replies
You need to perform a credit, criminal & eviction check on every applicant.

23 December 2018 | 8 replies
It you communicate your rental criteria to prospective tenants in advance before accepting an application and application fee (required in Washington State), you would not run into this problem.It's perfectly fine to reject an application or approve it with conditions based on legal rental criteria.You may want to use a standard form, such as an "Adverse Action Notice".Here's some information from the one we use:----------ADVERSE ACTION NOTICEApplicant name ____________Applicant mailing address ___________This notice is to inform you that your application to rent the property located at ______________ has been:[] Rejected[] Approved with conditions:[] Residency requires an increased monthly rent of $_____[] Residency requires increased [] fee or [] deposit of $ _____[] Residency requires last month’s rent[] Residency requires a qualified guarantor[] Other requirementAdverse action on your application was based on one or more of the following:[] Information contained in a consumer credit report *[] The consumer credit report did not contain sufficient information *[] Information received in a criminal record[] Information received in a civil record[] Information received from references[] Information received from previous rental history or reference[] Information received from employment verification[] Inaccurate, false, or misleading statements or missing critical information on the application*If you were rejected based on a consumer credit report, you can request a copy of your credit report for free from the below-checked agency.[] Experian[] Equifax[] TransunionDated this day of ________.Agent/Owner Signature _________

13 April 2019 | 16 replies
Most DC HOAs actively dissuade short-term rentals and allow no more than two leases per year per unit, which is consistent with DC housing law.