Hark Tukay
Damage and breaking a lease
Our tenants of 7 years are moving out next. They have asked to break the lease with 11 months remaining. When I went over to prepare for a showing I noticed there was water damage on the ceiling and a bunch of tiles a...
Ivy Jones
1031 Exchange questions
Hey everyone! Newbie here. :-) I have a couple of questions about the 1031 exchange I'm hoping to get answered or at least get a little better understanding on. First, we own a property in Mexico that we've been renti...
Clay Sellers
Am I trying too hard?
I have a seller in his 80s. He is behind 30K in mortgage and has a 40K lien on his home. Current mortgage balance is 600k (not including the arrears-30K) with a 3.5% 30 year fixed, payment $2700. (It's in So. Californ...
Travis Moore
No Conv Financing Strategy
So....I have this property in Texas that is owned free and clear currently being rented by a contractor who has done some work for us. There is much disagreement about late payments and work they claim they have done ...
Gerald Peters
What percent profit would you expect on portfolio 12 Units?
This portfolio consist of 11 single family homes and 1 garage apt, so 12 units total. Gross rentsare $9,100. Properties are mortgage free. Value 1.3 MillionObvious expenses Taxes, Insurance, allocating 12% to mainten...
David Coats
Can I require household income and individual tenant income?
Basically, I want to make sure that my tenants will be able to pay if one of them ups and leaves, disappears, or gets hit by a bus.Is it ok to require minimum income of 5x for household and let's say 2x for individual...
Kyle Bethune
Looking for advice on MHP
I have a guy wanting me to buy his MHP. He wants a lot for it, just wondering if I were to make an offer what you think a good deal would be.
18 units all park owned
2.5 acres
Small Landry area ($250mo)
Well water
Se...
Kayla Elliott
Hawaii and Septic Situation Question
Weird niche question for those of you in Hawaii, but what is the septic situation out there like? I've heard that most of SFR's are still on cess pools, but I wanted to hear from native Hawaiians on what they thought ...
Eric Schrader
Taxes, Rental Property, Self Directed IRA Hold back financing
Good Morning All!!I hope everybody has a wonderful Memorial Day Weekend. OK . A peer of mine has a rental property in his self-directed IRA. He want to sell it / I would like to buy it. His IRA will hold the note....
Michael R.
Assumable Mortgage Questions
I started out looking for investment properties that the owner will finance. I have found a few properties that the owner will allow an me to assume the mortgage, I will give a down payment, and they will owner financ...