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A tenant with an existing lease has approached me requesting to have an additional person move in and live in his two bedroom apartment. I pay for water and heat so I said that I would agree to it provided I get an a...
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Hello Everyone! Looking for some help understanding all the tax implications of a CHFA loan. There is an IRS tax recapture if 3 things happen:1. I sell within 9 years2. Make over a certain salary at time of sale3. Pr...
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I have a 1972 1500sq ft Mobil home on a 0.4 acre lot. I own both free and clear and am currently collecting $1350/no rent ($1270 after PM fee). My concern is , I have a credit card that has a $30,000 balance with the ...
Our section 8 tenant had a death in the family, and unable to pay this month's tenant portion. As a new investor, I wanted to begin prepping for what to expect going forward. We did issue a letter (reminder) of paymen...
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Here is my situation; 70 year old Tenant(s) has been renting for past 16 months . One year lease which turned into a month to month. Received a call from neighbors of Tenant, that wife passed away... inside house and ...
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I have a property in Stockton, CA that is worth 420k and I owe 260k. It has really solid family renting who do not want to purchase ever, so they will never leave. I can sell this year and not get hit with capital g...
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Hello, I am hoping someone can help provide some feedback/advice on my current situation. My husband and I own a multi-family home, that we bought about 2 years ago (so we are new to being landlords). We live on the ...
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This should be a fun topic. For arguments sake lets say.... You have 1 mil net worth in rentals. Positive cash flow. Let's say it's all financed through the bank with 20% down on each. That makes 20% of it your cash ...
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Good Afternoon BP Community, I am writing to you from the beautiful city of Durham, NC.I have been job searching for the past 2 months for museum positions and
when I was confiding in my uncle he proclaimed "its a s...
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Hello BP community! My name is Ellen and I'm a real estate agent. I am newly separated from my partner and starting out in real estate investing as a single mom with low 1099 income and few assets. I have identified a...