Alana Nevares
electric panels - Cleveland Duplex
I purchased a duplex, built in 1950s. It has old electric panels. I am not certain that I should update them. Appreciate any input as far as to when should the panel be updated. thanks.
Andrea Rowell
Rental property loss and above MAGI limit
Hi, My husband and I are newbies to real estate investing. We purchased two condos out of state in February. We are going to do some upgrading and repairs which will result in a loss this year. Our MAGI is above...
Delmas Edwards
Just a general question.
Im in a process of closing on my first home using FHA. I'm going to live in it for 1-2 years. To add value to the home what certain upgrades should I do and what ones I shouldn't do?
Zachary Wilder
Fair Housing Act: Rehabing an 8-plex and raising rent
My partner and I are thinking about purchasing an 8-plex in a B/B+ area that rents to B-/C+ tenants. All units (except 1) currently rent for 450/mo and are identical layouts. Some units are in a good state with good t...
Christian Baratta
Seller finance vs. conventional loan
I believe have the chance to purchase a home well under market value with seller financing, however I would be using this as my primary residence. This would be my first property and I was curious how this would effec...
Jack B.
Sell and repurchase or rent back out for now?
I've had the property for 8 years. Did a cash out refinance on it recently along with others. The house got a new roof a year ago because it was ready to fail. Plumbing and appliances as well as paint will need upgrad...
Allie Dattilio
HELOC Appraisal — where do they get values for virtual appraisal?
In the process of applying for HELOC, bank uses a virtual appraisal. We can then pay for a full walk through appraisal if we’re not satisfied.But looking to understand what values/comps they use for a virtual appraisa...
Account Closed
Streamline / Limited 203k Loan. Is it worth it?
Hello everyone,I'm trying to decide if it is worth it to use a streamline 203k loan to install central A/C and remodel some of the interior, such as raise the ceiling, replace the roof / gutters, and remove and paint ...
Arthur Roberson
2nd owned home
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $325,000
Cash invested: $16,000
Sale price: $535,000
Built home through home builder, put our money into struct...
Dan C.
Landlord pet peeve - when repairman suggests future work to tenants
I'm sure fellow landlords have seen this - a repairman at a tenant-occupied unit ends up discussing future repairs or projects with the tenant.
Fortunately this situation has never resulted in a huge headache ...