B Fair
Home owner wants to stay in home after closing
12 February 2019 | 7 replies
If he accepted the offer to stay, keep a large chunk of the sale price in escrow, not to be given to the seller until the property is returned in the same condition it is in now, with the stipulation that you have access to the money if an eviction is necessary.He definitely wont accept.
Strider Wardle
Is this a good deal? $2M building and $100k ground lease
15 February 2019 | 0 replies
Talking to the broker reveals that the seller is a stubborn old man and has turned down a $4-$7 sqft/mo offer from 7-11 because he wont give free rent or TI.
Dana Winer
Lead based paint-what’s needed to disclose?
15 February 2019 | 1 reply
You never know how many years down the road someone will suffer from lead poisoning and try to pin it on you.
Domenick Llanda
[Calc Review] Help me analyze this deal
21 February 2019 | 9 replies
@Chris Connolly yes. the calculator wont let me put zero.
Eric Tomlin
Tax owed when selling a rental home after a fire loss
17 February 2019 | 3 replies
The uniqueness of this transaction is in the fact that the property suffered a fire, and I collected insurance proceeds, but sold the house "as-is" after the fire, putting minimal money into the property from the insurance proceeds.Based on what I have read about taxes on rental homes, I'm nervous that I am going to be looking at a hefty tax bill.
James Wise
Tenant gets away with not paying rent for 14 years! $34k+ debt!
18 February 2019 | 70 replies
DUH and eventually it wont happen in Italy.
Suzanne Lee
Newbie looking to borrow money for REI
17 February 2019 | 1 reply
Can I still borrow money for rental property to start or do I need to go more into wholesaling so I wont necessarily need money.
Eric Tomlin
Tax question re: sale of fire damaged rental property
16 February 2019 | 0 replies
The uniqueness of this transaction is in the fact that the property suffered a fire, and I collected insurance proceeds, but sold the house "as-is" after the fire, putting minimal money into the property from the insurance proceeds.Based on what I have read about taxes on the sale of rental homes, I'm nervous that I am going to be looking at a hefty tax bill.
Tim McKinnon
First Time Buyer (How to find the right deal)
25 February 2019 | 5 replies
@Sam Shueh I wont get out of bed for $100/door not worth putting pants on for, my minimum is $200/door with 100% debt (for calculation purpose only) of purchase and rehab at currently 6% on a 15 year amortization, many of mine are far better, I also require a minimum 40% value increase after rehab so I can pull out the cost of rehab and purchase and only borrow 60% LTV I buy 5-6 of those deals per year, I currently have 23 location all meet those parameters and most are better than my minimum.
Eric Davenport
Airbnb and long term rental in the same duplex.
17 February 2019 | 3 replies
If they aren't happy then your STR reviews are probably going to suffer.