Peter Hassanzadeh
Newbie to real estate from Prescott Valley AZ
22 May 2019 | 14 replies
This could work on a social security income
Alex Jones
What is your “Why” for Real Estate investing ?
1 June 2019 | 146 replies
Later it became for retirement income that doesn't affect social security.
Anna Reis
Tips on Doing a Brrrr With 401K
19 May 2019 | 2 replies
With such a self-directed plan, the plan (not you) could engage in a BRRRR style transaction, with the plan being the purchaser on the property and the plan eventually pulling equity from the property in the form of a refinance mortgage.
Venkatesh Katari
Advice on approaching existing tenants for issues about MF prpty
22 May 2019 | 7 replies
Talking to tenants will give you valuable information about the neighborhood and social issues, but it is important that you understand your role and position when you speak with tenants, and not be concerned if they welcome you or not (most likly they will be distant and sceptical).
Vladimir K.
Lease renewal in Mass
29 May 2019 | 4 replies
Landlords will owe tenants three times the deposit amount, plus 5% interest, plus attorney’s fees, plus other court costs, unless they do all of the following: Put the security deposit into a bank account The bank must be in MassachusettsThe account must earn interestThe account must be under the tenant’s name and social security number only, with landlord as signatory (specifically, a landlord-tenant account)Note: credit unions are not banks (we are looking for the case, but it was Western Housing Court circa 2001)Within 30 days of signing the rental agreement, give a receipt that lists The name and location of the bankThe amount of the depositThe account numberEach year, Pay interest Either 5% or the actual amount of interest received (if less than 5%)Either cash or check or deducted from the rentGive an annual statement that lists basically all the same information again The name and location of the bankThe amount of the depositThe account numberPlus the interest earnedWithin 30 days of the end of tenancy, Pay all interestProvide an itemized list of damages This list must be signed by the landlordThe form must say “Signed under the pains and penalties of perjury”Receipts, invoices, or photographic evidence are required for each deductionNo deduction can be made for damaged items identified at move-inReturn the original deposit plus remaining unpaid interest less damagesAny single failure of any bullet point or part of a bullet point above will entitle the tenant to receive three times the amount of the deposit.
Sol Obarrio
Application for College Students
20 May 2019 | 6 replies
Anyone who doesn't have a job (or other independent source of income, i.e. social security, pension) with enough money to cover the rent (3X) has to have a co-signer.
Allyn Witt
Converting school building into apts - What to consider?
24 June 2019 | 6 replies
Engaging the same or perhaps other or additional professional help may also be required.
Donald D Michna
Capital gains taxes after retirement
25 June 2019 | 6 replies
Good to remember that not 100% of Social Security income will be taxable.
Aaron Clements
Indy Wholesaler looking to start Indy REI discussion group
27 June 2019 | 6 replies
One thing that I haven't seen is a meetup revolving around the BRRRR strategy and since the majority of our clients are using the BRRRR strategy or some kind of variation, networking with professionals and providers who are familiar with the BRRRR strategy may be an interesting addition.There are also several Facebook and other social media groups where there are opportunities to not only network with local investors but also to network with OOS investors.