A G.
Tenant lawyer threatening on bais of Consumer Protection Act” WA
Hello - I got into a situation where my tenants, who moved in the beginning of Nov from out of state (did the walkthru using FaceTime), start complaining that they didn’t like the house. The house got few issues as we...
Mary Jay
Deductions that are too late to deduct during an audit
Hi guys,I never claim my home office on my taxes and I was thinking that when I have an audit, and the audit finds something, then I can use the unclaimed home deduction to offset it.But then Ive heard that some deduc...
Bryan Henry
Current Renter Want to Approach Owner to Buy
Hi,Im currently renting a house in Southern California and I'd like to approach the owner to see if he would be willing to sell. Whats the best way about doing that? Is there anything to be cautious about when approac...
Mark Burlison
Self directed llc down payment
Have a down payment for my first property in a 401k. My accountant mentioned self directed ira llc’s. He really didn’t know much...but had heard of them. Trying to sort through the info...I am over 59 1/2. Asked a com...
Noel Fajardo
16 unit apartment complex with two address and two APN #
I am looking at an 18 unit apartment complex that has two address and two APN #. My thoughts on this is that, the 16 unit or more rule does not apply base on these two factors. Please advise if anyone had a chance to...
Anthony Vaganos
DCSR vs Conventional with transfer tax
Hi all,
First time post as I get ready for my first investment. For the PA investors out there or maybe in other states with high transfer taxes (2% of property value). Curious on whether you've found the math more f...
James H.
New Investor question about tenants & paying rent on time.
Hi I purchased a triplex in a decent area with inherited tenants. I closed a few days ago and I went to the property to hand out a welcome packet. This included a welcome letter stating all the normal stuff, I infor...
Matthew Hall
Is the DOS clause actually spelled out in the mortgage or just implied because it's not assumable?
The mortgage I'm looking at says nothing about a DOS clause but does say it does not have a "Demand Feature," which apparently allows the lender to call the loan due for any reason. It does however have a box checked...
Laura Rose
subject to loan or new financing?
Does anyone have any advise on purchasing 5 unit rental via purchasing existing LLC and subject to existing loan (obviously the lender could call the loan if discovered) - saves transfer/recording fees for seller/buye...
Barri Griffiths
Telling brokers about a possible 1031??
When my current tenants lease expires in march of 2018, I plan to sell the property(sfr) and reinvest that money via a 1031 exchange into a small apartment building(12-18units)moI've already contacted a few different ...