Colton Clark
Rental Seasonality Salt Lake City
I have a tenant in my townhome in Salt Lake City that his one year lease is ending in June. He’s wanting to extent his lease to the end of Oct. He’s agreed to a 5%-10% rent increase to extend.My concern is that if I a...
Michael Morris
First time FHA loan questions and advice
Hi,I am looking to move into an owner occupied duplex with an FHA loan. I know you can put only 3.5% down but my first question question is if I have enough saved up for 25-30% down will I have to put a higher amount ...
Michael William Sheehan
Help Me With the Numbers
A 200k 15 yr mortgage with 6% rate will cost you $165k in interest. Stretched out to 30-yr it's still over 100k in interest. If the value of the home is 200k, after 30 yrs maybe it's 600k and it cost you 300k in inter...
Peter Schuyler
High Earned Income and putting money into Real Estate Business
If you have high earned income and can funnel some of the extra money into your passive real estate business to make repairs etc that supplements the passive cash flow, can you still write these expense of as business...
Kory Clark
Is Bird Dogging a good idea? (Cleveland, OH)
Hello Everyone,What are your thoughts on being a bird dog? Being a new investor looking for ways to make money can be a challenge when you don't know where to start. I have made a few connections in my market and bird...
Valentin Diaz
Buying and Selling Real estate
What are some exit strategies used when purchasing homes? I feel that there could be a possible dip in the economy, and in the Housing market and just wanted to know if there were some ways you can minimize risk when ...
Shuo Jiao
What will your reaction if your tenant sent you this?
"Hi,
Hope you are doing well! I recently learnt that the gap between tenants is usually over 30 days.
If I can have a new tenant ready (one approved by you) on the same day that I deliver my move out notice, would ...
Benjamin Richards
Expenses and deductions this year
I've used TurboTax to do my taxes for several years now. Once the property basis is entered it's very easy.I have six rental properties, and two of them showed a loss on paper for 2018. The portfolio is net profitable...
Mark Douglas
do you prefer to have more cash or more equity?
hey all, so I've been house hacking a duplex since 2016 and it's finally time to sell. after the loan payoff, commissions etc, I should clear 170k. it won't be taxed according to my cpa.I'm going to buy a SFR for my...
Matt Holmer
Customary Property Management Fees?
Good afternoon-I am reading over a potential PM agreement and want to confirm that the PM charges are reasonable and customary.1) 75% of one month's rent for tenant screening/placement. (Seems reasonable)2) 8% monthly...