Sarah Maze
Sell or Keep California House?
27 April 2024 | 11 replies
You should do a careful financial analysis to see how much rental income you might make compared to the expenses and potential challenges of being a landlord in California.
Nyree Feliciano
New to this forum
27 April 2024 | 0 replies
It served as my primary residence & rental income for a few years.
Vasudev Kirs
Question about cash flow calculation
27 April 2024 | 2 replies
Here are the details at a high level:Purchase price: 174,000Closing costs: 2,000Down payment: 20%Rental income: 1525Monthly expenses: 487 (insurance + tax)Maintenance: 128 (1% of purchase price)10% vacancy: 150Self-managingI am not sure what interest rate to use to get the monthly mortgage amount.
Crystal Schmitz
Manufactured/Mobile Home Chattel Lending
27 April 2024 | 4 replies
It's not perfect, but it winds up being an additional revenue stream to them.
Brian Berry
Tenant submitted maintenance request, but ghosted provider and me
27 April 2024 | 20 replies
The tenant was placed by the property management company I was using at the time, and they either didn't collect information for additional contacts, or didn't pass it along.
Eric Lunsford
Tax implications for a private lender
26 April 2024 | 18 replies
That interest is income.
Kyle Allen
Long distance vs hands on
27 April 2024 | 20 replies
My original goal was to create $15,000 in gross rental income in 3-5 years.Now it's more simple.
Sophia Boro
Why do some investors allow unpermitted work?
26 April 2024 | 52 replies
All done the upgrades to other things were more expensive than the addition .
Aaron Knight
Real Estate Investor
27 April 2024 | 5 replies
Additionally, I would look into the various groups on Meetup.com.
Dom Nico
Lending, Property in Trust
27 April 2024 | 5 replies
My goal has been to borrow money for the rehab, rent it out to generate income for the Trust's beneficiaries, and then do a cash-out refi to recoup my down payment and any other out-of-pocket expenses.I believe there are limitations in an Irrevocable Trust, which would prevent me from simply deeding the property to myself or possibly even to an LLC if I create one, even if the end result is in pursuit of my fiduciary duties to the beneficiaries, as Trustee (i.e. making the home inhabitable and generating rental income for the beneficiaries).