Philip L.
Cash Out Refi Options
Got a property in Michigan with no debt, has tenant - I normally use DSCR loans but loan costs and interest rates seem excessive right now.Spoke with all the local credit unions and banks none of them are willing to d...
Tom Maurer
What's your definition of excessive noise RE:kids running around in an upstairs apt?
An upper apartment in the building I own has hardwood floors with a
great tenant. The tenant in the one below it (another great tenant
other than this constant complaint) complains that, when the tenant
in the u...
Matt Hunter
W2 depreciation offset
Hello, I am new here and looking for help. If this is the wrong platform forgive me. I am an active three year STR investor with 4 current STR properties. In January of 2023 my business was sold. :) Unfortunately,...
Devin Bobulski
Risks by second lien when first lien has foreclosed on home
Thanks in advance for the advice.
There's a home that is close to my primary residence in Wisconsin where Wells Fargo has foreclosed on the first lien. The sheriff's sale has been delayed over the past 6 months and l...
Matthew Byers
Lease landlord tax clause
Greetings,
I am looking at a lease and it has a clause that says "If the amount of the security depost is in excess of $50 or one month's rent, whichever is greater, and the tenant remains in possession of the premis...
Sean K.
Investor vs Realator - Where Does The Money Go?
If a realtor lists a house for 200K, is this amount based on the ARV, or after the mortgage is paid off?If the realtor sells the house for 180K, and the owner still owed 70K, then there would still be 110K remaining....
Scott Mac
How Does an Umbrella Insurance Work
So many in here seem to like Umbrella Insurance compared to an LLC.
I'm an LLC guy, but I have some questions about your experiences with Umbrella Insurance.
Both owners and Insurance Sales Experts are invited to co...
Tab Teehee
Owners distribution...how much?
Hello all, as we near 100% occupancy (YAY!), we are hoping to see some regular income from the fruits of our labor! Currently the management company is collecting rents, building an emergency expense fund, paying them...
Priyanka K.
Year End Tax Question
Hello fellow realtors!I got my license last month and may not have any earning as a realtor this year. I am looking for ideas on how to manage realtor related expenses that i incurred this year!Can I deduct realtor re...
Maurice D.
HOA foreclosure questions (Texas)
So it looks like these days, an HOA foreclosure may not be a bad deal, you bid enough to pay it off and then you have to pay the first mortgage. I am seeing several auctions and there is plenty of equity 50% or so) ...