Hi all. I received my first 1099-INT from a new PM. It has only one box filled in - box 1 - with a sum equal to gross rent received by them from tenants. Should it include net rent which takes into account losses due ...
Hey guys,
I have a broker who is representing a buyer in a transaction. He's supposed to send me an offer in the next few days. When I get the offer, I plan on opening title with it. I don't have a company or anythin...
Anyone know if I can sell the right to my rental cashflow. Say I am earning $1000 a month from a tenant on a 1 year lease. Can I sell the cashflow to anyone for a bit less than $12000?
Anyone understand how HUDs new loss mitigation concept supposed to reduce mortgage payments? I'm not getting it. Particularly this paragraph here. I just don't see how the extra 2nd mortgage is supposed to (temporaril...
Hello, I closed on a property today and looked at the HUD thinking I was over charged, but she seemed sure it was the assessments from counties etc that made it seem that way. Well, I called the county and she made ...
After I submit my application to the department of real estate, how will I know when I can set my exam date? My card was just charged the $305 fee, am I supposed to be receiving an email eventually or am I supposed to...
Hello,I own a few turnkey houses in Alabama (famous and reputable turnkey company)One of my tenant in the Jefferson county stopped paying rent 1 year ago.Property manager immediately sent him for eviction and 6 months...
Hey all,Thanks in advance for answering questions that may seem obvious to some. This is my first time dealing with multiple tenants moving into the same unit. They are romantically affiliated. I only received pre-qua...
Okay BP, I first searched around for my question before asking but could not find any good clear answers to these questions:1) Are we supposed to use cap rates ONLY with commercial properties? Or can cap rates be us...
I bought a 4-unit property in August ( 2 months ago ), it was my first property, and I inherited a section 8 tenant. The previous owner did not give me documentation on the current tenants. Just the phone number and c...