Kyle D.
Build a new home for under $50,000
3 December 2015 | 16 replies
Here's another one with Efficient layoutRead the Diary of New Construction.
Nat C.
Access to premises
30 November 2015 | 4 replies
The landlord may enter the dwelling unit when necessary for the other purposes mentioned above under any of the following circumstances: with the consent of the tenant, in case of emergency, when the tenant unreasonably withholds consent, or if the tenant is absent from the premises for a period of time equal to one-half the time for periodic rental payments.
Jen Faulkner
Cancel a Showing for Caller #1 if Someone Else Qualifies First?
2 December 2015 | 13 replies
I will show over a period of several days.
Eric S.
Are carpet, paint and cleaning just costs of owning?
6 December 2015 | 30 replies
Many of these tasks you mention are part of the cost of doing business, such as periodic painting and replacing flooring (see some of the discussions on products like Allure if you want to avoid carpet issues).I think you have gotten more than your nickel's worth on this paint job and flooring, and even the most frugal landlord would want to redo these at this time (turn over is the ideal time).
Melanie VanBuskirk
Need advice from experienced investors
5 December 2015 | 1 reply
We have a HUD house under contract and are in a 10 day inspection period and called to have utilities turned on for the inspector.
Ron Olivera
What would you do with $50,000?
6 December 2015 | 14 replies
Examine other markets after a period of time to move to if necessary.
Cameron Price
How do you ACTUALLY set up a self directed 401k
10 January 2018 | 37 replies
You can also work directly with a tax attorney or CPA who is familiar with these plans.All 401k plans must remain current with changes to the tax code, so you will want to have an ongoing relationship with a legal resource that can provide periodic amendments.The advantage of a quality firm (not just a document provider) that specializes in self-directed Solo 401k plans is that you will have access to training and consulting advice so that you can operate your plan within the framework of the IRS limitations.
Steve Ellison
Becoming a landlord primarily to establish rental history
7 December 2015 | 11 replies
By renting a second place for a period of time, you are just worsening your financial situation by increasing your expenses while not adding anything to the asset column.Personally, if you're OK with living where you are now, I would use down payment and go hunting for an investment property that will produce positive cash flow to help offset your existing losses on the condo.
Allende Hernandez
Might be buying a second home, is this a good idea?
6 December 2015 | 0 replies
More insight of the current numbers (considering a 4.5% interest rate for the new loan)House 1Monthly payment(PITI+HOA): $1,700/moPotential rent: $2,300/moCashflow w/o management company and allowance for repairs(house is in great shape): $600/moHouse 2Monthly payment(PITI+HOA): $3,964/mo (if offer is accepted but I believe the case study is valid for any other house)3964-600 (cashflow)-1700(mortgage first house)----------------------$867 I have to come up extra with every month.In this particular house there is also a room with bath that could be rented for about $800/mo (efficiency, as we call it down here).
David Mirza
Getting around 10 loan limit
6 December 2015 | 6 replies
Typically amortization periods are shorter and loans are not fixed as long.