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Hi all,I have just begun to try and stick with the 3x rent salary. Do you ever stray? I have a nice single mom applicant, works 30-35 hours/week at $17 hour, gets $400 month in child support and still isn’t close to 3...
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Hello all-
I looked at this property today listed for $30k. The property has 4 units, each unit is 2 bd/1 ba. Each unit can be rented out for at least $550/mo with owner paying the utilities. I plan to hire a propert...
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We are looking into a 60 unit project. Our commercial lender typically offers a max amortization of 25 yrs. Would you recommend we make connections with a longer term lender that can offer a 30 yr amort? Overall purch...
Hi everyone! I’m a stay at home mom with three kids 5 and under. I love it! I also want to become an investor. I know I need a plan. I know you all are super knowledgeable and wise and can help guide this newbie inves...
What are some of the recommendations if you were to do fix and flips or rentals out-of-state? I feel that the area in my own backyard is not a very profitable area considering so many people already live and occupy th...
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I can easily search LoopNet and search for commercial properties with high listed cap rates. But what about finding properties that have room to improve?What identifying characteristics should I be looking for?
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I currently leased my third property and will have my sister manage my properties for me. With that being said i dont know how much to give her monthly and does she need to be a licensed broker or agent to be able to ...
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Does anyone have any experience with alternative financing using subject to? Would like to structure my next deal with this but I am having trouble finding an attorney or title company willing to transfer deed. Can...
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Can a property improvement under $2500 be written off in the year it occurs, even if the expense happens before a renter is put into the property?In the old tax system, my understanding was that home repair expenses c...
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If my capital expenditures on a rental property exceed my rental income, can I use those expenses to offset W2 income or does it only offset passive income? I just got my first rental property rented and I’m trying t...