Joseph Gisler
Salary moved into commission, am I still eligble for bank loan?
16 April 2020 | 2 replies
My research is telling banks typically want 2 years of commission before they count it towards your income, does anyone have experience with this and if so, can I get pre-approved for a mortgage based off that salary offer even if it will go away eventually and replaced by commission?
Heath Jones
How are storage units appraised in small towns?
26 April 2020 | 14 replies
Self storage is valued like other commercial property which based on the income, replacement cost and comps.
Todd Williams
Tenant left without 21d notice and stole on video, wants deposit
16 April 2020 | 6 replies
I've replaced and tested the new alarm already.Their old lease doesn't include verbiage about early termination fees or costs, the new one has a $300 lease break fee... but I don't know if they signed it.
Sharon Ho
Tenants using inhabitable rooms as bedrooms
17 April 2020 | 40 replies
Or possibly even replace some subfloor with thinner ply admits likely osb currently.
Caleb VanTimmeren
Tenant wants to replace deck
17 April 2020 | 8 replies
Hi BP,I own a duplex and had a tenant reach out about taking down a handicap ramp in the backyard and adding stairs for more yard room. The handicap ramp is not needed by either tenant currently. The tenant has live...
Peter Lohmann
Columbus Rent Collection - April Mid-Month UPDATE
20 April 2020 | 2 replies
This will be a bloodbath for landlords as we get into June/July and more and more tenants fall behind in rent, with no way to replace them with new paying tenants.
Logan Graham
My Experience with a Live in Fix & Flip
18 April 2020 | 1 reply
We remodel the bathroom, did some updates to the electric, painted most of the rooms, replaced some carpet and updated the hardwood floors.
Edward Toomey V
Wilmont Ave FIX&FLIP
14 May 2020 | 2 replies
Full updated including remodeled kitchen and baths, refinished hardwood, painted the house, and replaced old windows.
Robin W.
Water Heater duplex puzzle - Tankless or Attic Gas?
22 May 2020 | 17 replies
It's been a long time question for me whether or not I should continue replacing the water heaters and ensuring proper insulation in the attic, or if I should relocate with a tankless water heater downstairs.
Diane G.
Does IRS really go back 25 years
27 March 2020 | 9 replies
If you 1031 a property you need to keep those original property records as those prove your basis for the replacement property.