Edward Heavrin
Is it ok to buy a house if the cash on cash is great, but...
What are your thoughts on buying a property that has amazing cash on cash return (30-40%), but doesn't meet the 1-2% rule or any other rule for that matter. Basically, I can buy a Triplex with an FHA Loan at 3.5% down...
Sam Henry
Where is Baltimore on the Cycle of Reason?
I am a Baltimore, MD native and I invest in my own backyard. Fortunately, the numbers make sense here. From what I've observed, the market for 1-4 unit rentals is great! However, I've begun to set my sights on larg...
Mike Adams
Verification of income from employer on restaurant workers
What's the best way you guys have utilized income from tenants who are applying for one of your apartments where the couple are both restaurant workers as well as work at the same place? I called today and someone sa...
Chaim Rosenstadt
Tax on turnkey Cash Flow
Hiusing a 100K property as an example (turnkey), with a 25 year loan, 76K, 5.6% p.a. that would mean the first year roughly 4K interest, and the depreciation would be 100k/27.5=3.6K, so total 7.6K - 630 USD/month.Now ...
Bernadino Lopez
Calculating After Repair Value
Hello everyone, I have been studying and learning as much as I can on RE wholesaling. I am new and have not done my first deal yet. My concern is when It comes to finding the ARV of a property we want a minimum of 3 ...
Brian Kraft
Zillow Contact Name Oddities
Odd question maybe, but for those that market your rentals on Zillow -- have you encountered this oddity?
For an incredibly high number of people that contact me through Zillow to view a rental property I'm adverti...
Walter Correia
Owner occupied Mulifamily appraisal
I'm not sure if this is a stupid question but here it goes: Do owner occupied multi family homes appraise lower than non owner occupied? The reason why I thought about this is because owner is not paying rent so I'm ...
Edmund Post
Personal Residence to Rental to Personal
I have an odd situation. I have found a home I love and want to purchase. The issue is I will be moving in about 2 years for a 3-year assignment. After the assignment, I would love to be in the house. Calculations sho...
John Michaels
Are squatters legally removed from properties before they go to Auction?
Hello, I live in California and was considering buying a foreclosed home.Would I be responsible for evicting the squatters, or would the bank foreclosing on the property legally remove them before me taking official ...
Arnie Guida
Non Resident Has Keys
I'm at my 4plex and a non resident walks past me, pulls out some keys and opens the main entrance and then into an apartment.
I was dumbfounded.
I hesitated to do anything right away... The tenant is brand new on a on...