Manav Wadhwa
Areas to invest around San Diego for rental properties
Hello,
I am based out of San Diego and getting into real estate investments. I am looking at building my portfolio in rental properties. I am thinking of buying properties in the range of 50k - 70k. Which areas aroun...
Jon Fletcher
Depreciation and Passive Losses
I read a lot here about people having passive losses or paper losses once depreciation is factored in. But depreciation for a residential property is only 3.636% each year (27.5 years). I know this is a good problem t...
Michael Kader
Automating Thermostat at Check In
Hello All,
First post here. Getting our STR on the market and I was thinking about ways I could automate the thermostat to turn on 1 hour before check-in and right after check-out. Does anyone have any experience wit...
Chris Morris
40K-45K for architect for 2 story ADU in Los Angeles?!
An architect told me that their architectural services for building a 1000 sq ft 2 story ADU in Los Angeles would be $40K-45K. Does that seem reasonable?My lot is flat and 'unremarkable', btw. I am not looking for fan...
James M.
Security Deposit and Torn Carpet
What can I take out of a security deposit for dog-destroyed carpet that is 10-years old?Tenants moved out after 4 years. On top of the normal security deposit, my tenant paid a $400 damage deposit to have a pet. The d...
Andrey Y.
Cash out refi, simply for interest tax writeoff
Hope everyone is having an awesome Tuesday!Would you guys do a cash out refi on a property purchased with cash, simply for the purpose of writing off mortgage interest? I believe you can write of interest up to a max ...
Ricardo Cuartas
Disabled veteran wants a new toilet
Tenant is a disabled veteran and is currently section 8. He is having back pain since the normal and functional toilet he has is too short. I informed him to contact the VA so they can give him a special raised seat....
Nick Rubino
am i missing something?
ok im about to make an offer on a duplex. My cost i going to be $93,000. My mortgage is going to be $758 a month, and my two units are occupied at $450 on each side. This is below the little cul-de-sac. So we got ...
Creighton Bertrand
First deal too good to be true...?
Hi guys, I've been stressing out about this current deal so figured why not go to boards and ask the real professionals. This will be new first investment property so I want to make sure I'm not missing anything here....
Greg Larson
Need advice for owner finance deal
Hi BP,I'm currently negotiating an off-market duplex deal that would be owner financed. I initially came up with an ARV market value of $222k based on recent comps. When I made my offer, the seller countered at an a...