Gregory Solomon
Rentals with equity
I have 2 single family rentals. Property A has 3br/2b. 1100sqf. I brought the property in 2009 for 103k , I owe 79k. The homes in that area are going for 200k+ for new construction homes. The rent is $1200 per month ...
Nathan Shepard
First (Intentional) Investment
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $40,000
Cash invested: $20,000
First intentional investment purchase! Seller financed deal at $40,000 bathroom was ...
Tony Marcelle
How are people supposed to cash checks?
What does a person do with a check they get from closing a deal when all the banks are closed down due to the coronavirus? The atm machines are the only way people are able to do their banking transactions. What about...
Drew L.
Canceling Assignments in a Co-Wholesale
Hey Guys,I am a new wholesaler and I had a really quick question about assignments. I am working to co-wholesale deals with other investors and I am acting as the dispositions arm of the co-wholesale meaning I am brin...
Bora Candiler
cash partner and conventional financing?
creative financing? please help. i'm trying to buy a 4 unit multifamily and a store front building. my partner will bring in $250,000 cash and i want to get a conventional financing from a bank for the other $250,0...
Minna Reid
Staged the house - got an offer!
12 showings on my vacant condo with poor feedback...I then staged the place, first person to look at it next makes an offer (absolutely loved it).
I'm a believer! That'll be worked into every rehab budget from now o...
Josh Prince
What to pay tenants for temporary fumigation displacement
I will be fumigating one of my buildings both for termites (not fumigated when purchased) to satisfy a lender on a refi, and also for bedbugs (only in a couple units but I figure this will kill two birds with one ston...
Kenneth Wong
Bedbugs - responsibility?
Hello.
Although I just recently passed my real estate salesperson exam in New York State, I do not believe this question or topic was covered.
A real estate investor I met yesterday asked me if his te...
Summer Noyes
Fair Housing Laws CA and new Rental with HOA
Hello All,We are in escrow on our first investment property in San Diego, CA. I was reading The Book on Managing Rental Properties by Brandon and Heather Turner. In chapter 4 "Fair Housing", they speak of a case were ...
Justin Klein
Accounting - Income Statement Question
Accounting Question for you CPAs.So I recently purchased a rental unit and am just starting out. I have one asset (single family home). I do not use any accounting software at the moment as it is just one unit. It ...