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I am looking to purchase my first investment property (multi-family) through an FHA loan. I have the credit score, 3.5%, work history, and income. My only delay is that I have a charge off on my credit report. I cosig...
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I have one set of tenants that just moved in in February to a SFH. They are having some domestic issues (they were engaged when they moved in). He supposedly locked her out and she can not get inside to get her f...
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Hello! I apologize in advance if I'm not using the right lingo for my question.. still new at this :)I'm trying to figure out the tax implications of cashing out stock and using it to buy property. Even though we'v...
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Hello everyone! I am to the point where I’m doing 5 houses at once now and it’s getting a little stressful. I have a project manager who is supposed to be over all the crews but I still feel like I’m in charge of ever...
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Something new (?) to be aware of for landlords. I had some tenants who had been with me 2.5 years without issue and were on MTM lease. One day I received a call from a property mgmt co that they had applied for a new ...
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Hi everyone,I'm interested in Multi-Family apartments in Grand Rapids area. I'm just curious the process of getting a commercial loan when using syndication. Having investors pool their money for the down payment and ...
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I am considering making an offer on a property that has some settling and foundation issues. All doors and windows operate correctly, and don't appear to be affected. The engineer's report says it will need 10-12 unde...
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I just purchased my first multi unit a few months ago. This week one of my tenants texted me saying they he injured himself on steps due to one of the step giving way. I haven't seen him yet. He claims he called the a...
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I have a question about damage and if I would be able to charge tenant. They have double pane window that someone threw a rock at and broke the outside pane. Unable to determine if it was the recent ex boyfriend that ...
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Hey!So this neighborhood I would say is a C/C+. The rent is all over the place with comps but I would assume fixed up, this should pull $1700 due to its location. You are literally minutes away from an A neighborhood ...