Matthew Sperry
[Calc Review] Help me analyze this deal
24 February 2019 | 7 replies
Matthew- There is a new VA Renovation loan you can use to get the cash needed added onto your regular VA loan with no down payment.
Scott Lepore
buyer is backing out of contract because they changed their mind
28 February 2019 | 12 replies
If you tie up the deposit then you’ll have to deal with small claims court.
Matt Leonard
Solar Hotwater for a Rental Property
2 March 2019 | 9 replies
@Matt Leonard - I agree with @Tucker Smith on installing hot water tanks for each unit, you could also go with the new heat pump hot water heaters for each unit also, with the rebate they come close to the same costs as the regular hot water tanks.As for the solar, I do not know anyone who has done it and know little about it myself.
Tandi H.
Give tenant their deposit back to avoid conflict?
3 March 2019 | 42 replies
If they file in small claims court file a counterclaim for any unpaid damages and subrogate your attorney fees if your state allows.
Jodi Rhoades
Real Estate 401 K who has experience with this
17 March 2019 | 9 replies
Many Solo 401k advantages compared to the IRA come from the fact that there is no custodial requirement for the 401k.If you haven't already, I'd recommend reaching out to a few of the self-directed IRA and 401k providers who post regularly to the forums.
Adam Scheetz
[Calc Review] Would you take a lower ROI for an A-Class Turn Key?
10 March 2019 | 59 replies
This is just a regular turnkey property like a vast majority of other turnkey properties in an area popular for rentals.
Danielle Z.
Buying office condo as both commercial and small biz investment
6 March 2019 | 10 replies
Depending on the loan amount, they will probably want a 15-25% equity injection.You can also utilize your health insurance claims and/or medical equipment as collateral for a secured line of credit.
Tim Ellis
The Service Dog Dilemma
4 March 2019 | 27 replies
If they do, based on them claiming a doctor recommended a "service" animal you can continue to charge a pet fee.
Christopher V.
Need Urgent Help Dissecting Commercial Real Estate Deal!
1 March 2019 | 0 replies
Here are the knowns:Rent per tenant: $750 (this is below market value due to deferred maintenance, I believe $1,000-1,200 is more realistic)Property taxes: $900 per yearLandlord insurance: $1,000 per yearLandlord pays water/trash: claims to be $125 per month (will ask for proof)Landlord is in charge of snow removal and mowing lawnThere are 5 electric meters, each tenant pays their own (landlord covers hallway and outdoor lights)What I plan to ask for is the copies of the leases, copies of the utility bills, and copies of bank statements showing the tenants are actually paying on time.
Mike Ojo
Do you require renters insurance?
3 March 2019 | 14 replies
They own the consequences.By the way, with over 300 rentals, I get a couple instances a year that may qualify for a renter insurance claim.