In contrast, I have a tiny studio guest unit in my own residence in California that is being rented for $995 a month.

As far as ethics....I wouldn't contact the residents directly but who's to say that you can't forward the insider info to a working partner and vice vs.

Our plan is to rent the property for many years to come.We have $65,000 equity in our primary residence (which has a 30 yr fixed for 5.875%... if it matters).What would be the best way to come up with the $12,000 for repairs?

My wife thought I was bad.Since you're not taking advantage of the favorable tax treatment for "flipping" your primary residence you'r paying a bit too much in taxes.

In addition, Hispanics often do not have a legitimate Social Security number needed to pull a credit history and establish residency.

One sheet keep track of my companies, Who is the resident agent, the official address, who are the owners and have taxes been filed.Another page on that same file lists my properties down the left column, Sorted by company that owns them.

Hello All:I own several multi-family rental properties and have always paid the Resident Manager a salary, including a free apartment.

Unless you've got your 401k or equivalent fully funded and have no debt other than your residence (and even that is chancy) you shouldn't be investing in real estate!

Most people that join get in for the RE side but you can also do the marketing side signing up new students.

Usually the cheapest way to access equity is via an Equity Line, however most lenders have stricter guidelines for equity lines for investment properties than for primary residences or second homes.If any one would like to discuss specific scenario's concerning refi's or equity lines feel free to contact me via email or phone.