Will Stewart
Seller financing help needed
I am currently looking at an apartment and in negotiation about possible seller financing. I am new to all REI so I am looking for anyone that has expertise in that world of financing, or to be pointed in the directio...
Paul Sandhu
My useless bit of knowledge for today
When you see a semi loaded with porta potties unloading at an industry or some other place where there can be an event or gathering, it means there are going to be lots and lots of people coming in the near future. Y...
Sam King
What is the best way to increase rent on a good tenant
I currently have a good tenant, but believe the rent is at least $100 less than similar properties in the area. I have heard from one source to slightly increase rent every year lease. I have also heard that if you ...
Mark A. Roberts
Do these numbers look correct?
Purch Price: $75k
Rent Ready $ 5k
Total cost = $80k
HELOC used $73k
Owner Capital $ 7k
Expenses: MNTH / YR
T/I = $221 / $2652
PM = $80 / $960
Ma...
Ryan Y.
Calculating Rental Expense: What % for Repairs and Cap Ex
When calculating numbers for rental income, what is a fair estimate for repairs/ maintenance? And what is a fair estimate for Cap Ex? Is there a commonly excepted percentage for single family vs multi family?
Raman Bindlish
Duplex comps - Sacramento - anyone knows appraising process?
Hi,I am looking to refinance a duplex in Sacramento that we bought 2 years back and there are hardly any comps available in the neighborhood. What are the ways I can estimate the appraisal of the property? Single fami...
Christopher DeFronzo
Renting to Displaced Tenants Covered by Insurance
Hi everyone, I have been contacted in the past when advertising units by agencies or insurance companies who are looking to place tenants or homeowners displaced by fire, flood etc. In the past I have shrugged these ...
Matthew S.
Depreciation Recapture Tax
What is the best way to delay or avoid paying depreciation recapture tax? It is my understanding that when you sell a property, you are required to pay back all of your accumulated depreciation at a rate of up to 25%....
Bill Dodge
How long after leaving can a tenant dispute the damage deposit
I am putting together a well documented listing of all of damages caused by the renter along with photos. Which will far exceed the damage deposit.How long do I need to hold onto these records. How long does the ren...
JAMES Coleman
Subjective appraisals (recourse)
I have a question about the seemingly subjective nature of appraisals. As I previously mentioned, I got a good deal on my personal residence, renovated it, and plan to realize a profit when I sell. I recently spoke ...