Eric P.
First time filing taxes as a landlord, questions...
Last year I bought my first two rental properties in Michigan. I've been keeping paper receipts in folders all year (gutted and rehabbed them), didn't really have the time earlier to do anything else with them. Now I ...
Edita D.
Garbage disposal - necessity or nuisance that keeps breaking down?
Hey guys!I reviewed PM's statement and found 185$ charge for fixing a garbage disposal. Is garbage disposal something that will benefit the landlord in the long run (i.e. prevention of clogged pipes), or should we WIT...
Sean B.
Gatlinburg TN Rental Cabins
Hey All, Just wanted to bring up a possible idea I have been having to you guys. SO currently me and my father have been looking at putting our cash together and purchase a log cabin in Gatlinburg for a vacation renta...
Ryan M.
Asheville is hot - other buy & hold values found regionally?
Thanks to @Ben H., re-posting in this area from Buying and Selling Discussions, as its more local. Sorry in advance for two posts compiled to one!*****Hi folks, I'm Ryan, first time poster, new to real estate investi...
Steve Vaughan
My BRR (no Refi or Repeat) pics, #s and takeaways!
So I've been slogging through a 3-month rehab and rent house for the past 6 weeks. Condensing a large project in half as a DIY beaver that likes to build his OWN dam is not recommended. I took on a frantic timeline ...
Svetlana Kazantseva
General Contractors refusing to quote without them buying materials
Hi all! We have a really hard time finding a general contractor for our repair project in a buy & hold SFH in Kansas City, MO. We hired a property manager after purchasing the house and both contractors they sent ...
Louis Mannikko
Using 401(K) Loan to finance first property
Hello,Just curious what you all thought about the idea of using a loan from your 401(k) to finance the purchase and rehab of a 1st property.My plan would be to use 40-50k to purchase a small rental apartment, fix it u...
Terry Lao
is there a vacancy % factor that lenders will not lend beyond
I own a 4plex, which is one of 23 buildings. I recently found out that there could be 30-35 units that are currently vacant out of a possible 92. This is a vacancy percentage of 33-38%. Would fannie mae or freddie mac...
Richard Rodriguez
Lowballing offers on the MLS to get deals
Hello,
I recently read an article that a successful rehabber/wholesaler wrote on sourcing deals from the MLS. Basically, what he was doing was selecting certain properties that fit his criteria and submitted ...
Hugo Jimenez
Tenant passed away prior to closing on a purchase, Florida
I have an unusual situation and am hoping for some advice from someone who has some experience or knowledge of how to handle the situation. I am scheduled to close on a duplex on Friday, May 14th. Both tenants decid...