Cheryl C.
Seller removed the furniture that was supposed to convey.
I'm closing Wednesday on a short that has been in the works since April. It was an investor owned fully furnished rental. I found out today that the seller removed all the furniture (including 2 tv's). It's a 1/1 c...
Chris Nonn
Due dilligence
So I have walked through 30+ homes in last 4 months and put 2 offers on homes which I was outbid. 2 weeks ago I put an offer in on a home which I thought was decent. 3bd 1.5bath, 1.12 acres, property tax 1700, asking ...
Russell Roberts
Tax effect of personal residence cash out loan used for investing
I did a cash out refinance on my primary residence in 2017. I did Not use the loan proceeds to buy, build, or substantially improve my primary residence. Instead, I used it to fund other real estate investments. So...
Spence O.
make repairs prior to closing to get C.O.? (as is cash sale)
So, Im closing on my first investment property soon which is in good condition. There are three minor holes in walls and foundation paint needs to be touched up in order to obtain a certificate of occupancy.This is an...
Anil Villamkandathil
Section 8 - Inspection Failure and Rent Loss.
As discussed in one of my Previous post, I accidentally turned to be a LandLord of a property which has section 8 tenants while I was looking for a house for me to buy ( Got greedy with numbers I guess). I brought thi...
Nicholas Foy
Recent real estate failure
I closed on a property in Warren, MI on Oct 20 and I quickly found out through my property manager that the house is in a horrible area and won't fetch enough rent to cash flow. I was too giddy to get another property...
Cale Delaney
Rehab and Contractor Tips
I see a lot of stories about how rehab typically takes a lot longer and is more costly than people anticipated. I work for a very large contractor (commercial restoration and strengthening) and wanted to share some th...
Mark Hawthorne
A Friend in need, can I help and make a buck or two ?
HI their, and let me say first, Im new and most of my "Post reading " has been on Wholesailing.
This just came to my attention last night.
Long story short.
My friend was selling homes for an upscale addition ( no...
Brian Zaug
Rental losses against personal income
Happy Friday! Cheers!So my wife and I are both teachers in NY. We grossed $251,000 last year on our w2s and we file jointly. We purchased 2 rentals properties (2 duplexes) last year and with the work/renovations ...
Russell Brazil
Buyer is Undisclosed Agent
I am the listing agent in this deal. Property is under contract, buyers agent today sens me an insane inspection addendum asking or 40 items and additional credit. The total of which is about 20% of the total value ...