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2 June 2024 | 3 replies
You're income certainly isn't "normal" and some banks might shy away but this is a personal business and if you have a track record, I think you can find a bank to say yes.
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2 June 2024 | 1 reply
Can I give a tenant written 30 day notice on June 1 (in person or taped to the door) for move-out on June 30?
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2 June 2024 | 1 reply
I used my personal cash for both , but I’m looking to purchase more with lending.
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3 June 2024 | 9 replies
I personally own properties in the counties of Orange, Los Angeles, Riverside and Kern.
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1 June 2024 | 1 reply
However, the money I’d save by not paying $3500/month mortgage is $42,000 after 12 months – thus recovering the money paid on the capital gains tax.QUESTION: would you advise selling the rental to pay off the new home and take the $1400/month rental income loss (and gain $3500/month savings) or would you advise keeping the rental?
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3 June 2024 | 13 replies
Becoming a landlord is more work than the average person thinks.
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2 June 2024 | 2 replies
LLCs offer no tax benefits, they mitigate liability and the fact that this is on your personal property and you'd be renting to yourself, there's no liability to mitigate.
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31 May 2024 | 6 replies
It is our personal house and we're in the process of moving back to the east coast (New England area) to a higher COL area.
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2 June 2024 | 1 reply
It has not been well maintained over the last 19 years with a string of just bad renters and the person I had managing it just didn't do good quality repairs or work to it.