In the realm of real estate investments, the short-term rental loophole offers a unique opportunity, subject, however, to certain rules and regulations. According to passive activity loss rules, every business is obli...
My fund recently purchased a house from Dekalb foreclosure auction. After we purchased the property, we received a fax from Dekalb county regarding on a $30k+ unpaid water bill that we are responsible for. We ran the ...
Hi my name is Jessica it has been a while sense I have posted to this site. I actually forgot of it as a resource. I then remembered the time and detailed information I was able to receive here.
I always hate asking...
Title says it all. Since I am starting out, I am just curious about how much you guys spend on renovations or if there is a rule of thumb? I want to calculate it as a percentage of the purchase price that I can apply ...
I recently spoke with another REI about window units. He said that he charges 75 dollars a month extra for each unit in the house whether or not they are being used. Meaning the tenant claims they don't use them to ...
Hello all!First rental hit the market 3 days ago and I've been swamped with interest; it's a great problem to have but now I've got questions.First question is in regards to adverse action letters. Since their credit ...
I've been looking at a few 3 family properties in the Greater Boston Area (Cambridge / Somerville) that are pretty distressed but have good potential to become condos. They'd need a full gut (high-end) reno, and I was...
Hi everyone. Need some advice from lenders as well as experienced investors. I am getting ready to choose my lender from several I spoke to. Should I choose only one lender to qualify me or more than one? How will...
Hey People,I came across a high Ranch in Long Island NY which seems like a good deal for the area, my only concern is what it would cost to get the bottom floor permitted as a rental or mother/daughter. Does anyone ha...
I close January 4th on a home that has a tenant. This is a section 8 tenant and will be staying at least another year. To make it a smooth transition for payment I’ve been in contact with housing authority and was giv...