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Colorado limited income qualification to 2X rent recently. Does anyone have a strategy to protect against less-than-qualified tenants getting approved? I used to charge the equivalent of one monthly deposit for qualif...
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Hello,I have recently rekindled an old friendship with a friend whom I happened to meet at a local coffee shop one day. We started talking about our careers and he told me that he started a real estate business and wa...
I have a rental townhome on the market. There are four tenants, all in their mid 20s. Three are qualified and one is not qualified. These tenants are two non-married couples. In the past, I’ve only rented to famili...
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I recently started reading "Tax Free Wealth" by Tom Wheelwright and I realized how much my knowledge is lacking on the tax side of investing. Further, I realized how confusing the different terms are for the various ...
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I just got my first K-1 from a multi-family syndication and want to understand it. This is the actual K-1 with real numbers and only personally identifying elements have been removed. I'm going to describe what I th...
We have $100,000 savings in the bank. We found an amazing and unique $500,000 house with 5,000 taxes. We can put 10% down and with closing costs spend about $75,000. We will easily spend the remaining $25,000 in misc ...
I will be purchasing two properties - one for approximately $20K and the other for $35K. Both have renters in them, one paying $740 per month ($20K property) and the other $850 per month ($35K property). I will be p...
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I am going to buy a house and currently plan on paying the downpayment with cash.
What I would like to do is after closing, take a cash advance from one of my credit cards to reimburse myself for the downpayment. Th...
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I own two properties, one is my primary and the other is a rental. Currently, my sister is my tenant and underpaying the market value but it was in good conscious to help a family member during the covid pandemic and...
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I'm in the very early stages of educating myself as it relates to REI, but I've started thinking about what kind of path I want to follow because I believe it is important to have a goal, or at least a path, in mind.T...