I've negotiated a purchase with 10% down and seller carry back for the rest. Seller agreed to purchase price and terms. Loan is for 120 days and the seller wants to be guaranteed the 120 days of interest (6%) regar...

Hey everyone! I would like to hear what you all think of some of my basic plans for getting my REI business off the ground. I am going to form a LLC this February. I want to next open a business checking account in...

Dumb question or maybe I’m not thinking this correctly.What’s actually taxed? The total cash flow just after the mortgage is paid? For example;Mortgage payment $1000, rental income $1500. So is the $500 that’s being t...

I saw on the forum a PDF that showed how the 50% of expenses was allocated, but I can not seem to find it using the search feature and was wondering if someone knows what I am talking about. I have a friend that is b...

Hi all,I wonder if anyone faced this situation when the present tenant didn't vacate at the end of the lease and a new lease contract already signed with a new tenant.How can a Landlord protect him/herself from legal ...

I have some idle cash and my builder friend wants to rebuild on lot I purchase.  These lots usually have existing older homes.  He doesn't want to risk his own capital.  He suggests I buy lot outright and use this as ...

My 2 neighbors in Southern California are considering building a larger apartment complex across our adjacent 7,000sqft lots. We purchased our properties decades ago and Prop 13 has kept our property taxes to less tha...

Will you get taxed on it immediately?
I'm thinking of selling my house and then waiting about a year or so to see if the market trends downward. If the money is sitting in my bank account for that time how does it hu...

I understand some of this is subject to state laws, but just want to get a general idea of where to go with this

2 tenants, both of them weren't getting along and decided one of them was going to move out, so I gav...

Hi All!  I am looking for the right program to begin keeping track of expenditures and receipts.  Currently we have a custom home/spec home business and we just purchased a few rentals which will give us another LLC t...