Tammy Mason
Replaced Refrigerator by tenant without notice
My tenants sent me the following message. There was no previous messaging of any problems; they informed me of replacing and discarding the previous unit all in one message. Then expect me to pay for the new unit. The...
Mal Toto
What is the minimum acceptable cash flow for 100% financing?
Dear All,I'm considering purchasing a property using an interest only HELOC + Conventional loan. It is a 3-family, which after expenses should produce about $360/month (see cost analysis attached). Rents are currentl...
John Matthews
Reconciling Wealth Building with Philanthropy
I was having this conversation with my fiancee last night. We've both grown up of the mindset that it's important to help others, whether through financial means / volunteering time / etc. That said, I am significantl...
Ronald Stanley
Can I really avoid capital gains tax with a self-directed IRA?
Hey family,I purchased a rental property in 2016 under my own name for $135,000. The home is now worth $225,000 and I plan to sell it in the next six months. My plan is to use the profit to pay off the mortgage on m...
Cecilia Cave
Problem tenant who’s behind rent for 3 months now.
Hi there, newbie investor here based in Louisiana. We have a tenant who’s behind rent for three months now. She said she applied for Rental assistance program last October but until now they are still reviewing her ap...
Sing Ho
Trying to collect back rent and damages from evicted tenant
I PM just recently just evicted a tenant that has not paid rent for over 6 months and have damages to the property that could be in the range of 6-7K. I am asking if I should have the PM try to collect from tenant thr...
Jason Wutzke
Who Should Create My LLC and How Much Should I Pay
I'm trying to decide how to create my LLC. I am looking at 3 different options.1. I have spoken to 3 different Real Estate Attorneys in my area (Menifee, Ca.) who want to charge $1,100-$1,800 + Ca. fees to create a ba...
Anthony Drew Gary
Can an account from Audible.com or Amazon's equal be deducted?
I'm curious if anyone has tried to deduct the cost for an account on Audible.com or a similar audiobook database subscription on their taxes? Can you justify that there is enough real estate related content to write ...
Jude Hughes
In need of QUICK deal advice
Well BP, I'm in a pickle.I stated the year by submitting an offer on a 1913 local historic home I viewed a few days before New Years. It has been converted to commercial, and my plan is to use the first floor as my of...
Mary White
Remodelling to maximize properety value for refinance
We just purchased a 4-plex with a bad roof and one moldy unit for $116,500. We have a new roof scheduled to be installed in 3 weeks, but need to make some big decision on the other renovations. Each unit needs new pai...