Jason Hathcock
Subdivide the vacant parcel and sell before or after closing?
Double closing vs. Single closing for a Sub-dividable property in the Outer Banks, NC ......I am a beginner investor and I have an off market single family home under contract in a vacation resort area which has a lon...
Doug Underwood
Taking out money from IRA
Does it ever make sense to withdraw your money from an IRA before retirement to invest it in real estate? I know there is a 10% penalty plus it is taxed as income, however I would be able to invest the money in multi...
Chandler Miguelgorry
Buying a MF property with a friend who wants their own place?
A good friend of mine has been looking to buy for some time and I just thought of a (potentially) great idea to lower my barrier to entry for purchasing. What if we went in on the place together, and she lived in one ...
Christopher Ballesteros
Incentives and Consequences for Tenants
Considering the supreme court is allowing the eviction moratorium to remain in place, what incentives can you offer tenants to ensure they pay their rent month-after-month?Furthermore, what consequences do you have in...
Lindsey Lara
Ski Lease Terms/Contract
I have short term rental in a small California ski town. Someone is interested in doing a 6 month ski lease direct. I reached out to the only vacation rental property manager in town and they said they don't do ski le...
Jim Rivell
Friction with New Tenant Onboarding
Our current process is to send a lease agreement via Docusign then follow up with adding our tenants to Rent-Redi, but we have noticed some tenants take days/weeks to sign. We assumed Docusign would be the most effici...
James Sea
Alternatives to holding reserve funds in savings account?
Are there alternatives out there to holding reserve funds in a savings account?
Short term bonds? GICs? Anything else?
It hurts me to see essentially nothing in interest on my reserve funds when I know there are bet...
Delroy Henderson Jr
Evict tenant breached payment plan contract separate from lease?
Can someone help me with this question? I have a tenant under a lease for one year. She breached the contract by missing a payment for 2 months, but i didn't take her to court. I drafted up a prepayment contract where...
Mohammed Quadeer
long term carryover loss to offset depreciation recapture
- Purchased strip mall in 3/2003 in Chicago, IL for $4,800K- Sold it in 11/2017 for $4,660K- Closing costs for purchase/sale $600K- Capital improvements $300K- Total depreciation claimed over the years $2,300K- H...
Lawrence Paul
Cash out Refinance OR ???
Hello again everyone,This question has been bothering me for quite some time now, so:I have a one door condo flat on the second floor w/ HOA that currently cash flows about 400/month.Purchased the property for $110,00...