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Ok here it goes. How do you manage all of those keys? We're starting to get a plethora of keys and I was wondering what others are doing to manage the key system. I also like to change the locks when tenants turn o...
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Hello BP,I just had to share my recent experience with Section 8 rentals, and I couldn't be more thrilled. Initially, like many others, I harbored misconceptions about this program only hearing the negative connotatio...
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We are finally getting our business computerized and are running into a glitch. Scenario - Purchase a building for $70,000Initial improvements $25,000New value $145,000Refinance at 75% of $145,000 = $108,750 mortgage...
Hello,I listed my property for rent it's in a Class A area and I am getting a lot of section 8 inquries. Are they worth it? How should I pursue if they are worth the effort? Is there going to be a lot of paper work wi...
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I'm sorry if this is in the wrong forum, I couldn't find a category that fits so I figured I would post in the most popular one.I have a property under contract that I want to use as a rental. My initial projections s...
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When approving new tenants I do my best to screen out people who will not take good care of my property, in addition to screening for income, etc. My single-family home properties are not high-end but neither are t...
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Can I pay a contractor with cash, but still write it off as a business expenses. If so, what is the best method for doing this? Should I be creating invoices and receipts to document and show proof of money's going out?
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Help!
We may have found our first deal but unfortunately, it doesn't fall withing the scope of our real-state training to date. Yesterday, we found a self-storage lot for sale by owner! We made a preliminary call to...
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Does anyone have any stories they want to share about their HUDhomesstore.com experience? Lately I have been trying to bid on HUD homes again but the deals are margin thin. Anyone have any positive story they can sh...
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Just curious why banks can take so long to make a decision on a short sale? What are they waiting for? We have a property under contract that is a short sale. We made the offer on 11/10 and the seller accepted it. It'...