Mark Navaro
Borrowing against rental to payoff primary home loan
The 2018 Tax law discourages itemization by providing a bigger exemption and capping mortgage interest and SALT deductions. I have a rental that is fully paid off, but my primary residence carries a mortgage. If I bor...
Samuel Ksiazkieicz
Mortgage Association's own explanation of costs of foreclosure, i.e. bargaining chips
Hey, I found this while searching online, it is the Mortgage Bankers Association very own paper on the costs of foreclosure. Check it out, and use all of these points as bargaining chips for lower offers on short sal...
Jacob Younger
Accepting a "gift" as a downpayment w/ my FHA loan concerns
Hello,So I am planning on using my FHA loan (3.5% down) for my first residential/multi family property (4 units or less). I would live in one unit and rent out the others. I know it's possible for me to accept a gift ...
Aasim T Bickiya
Lots of duplexes in Yukon and El reno sitting on the market?
Hello everyoneinvestor from california here and i am seeing a bunch of duplexes in the Yukon and El reno area(3bd 2 ba with 2 car garage per side) sitting on the market for over 100 days, how come they are sitting on ...
Basit Siddiqi
Can a landlord require a larger income requirement for new tenant
Hello everyone,Can I require a larger income requirement for those that have children than those without children?(without it being considered illegal)For example can I require Singles to make 40X rent and Singles wit...
Ashlee Fazio
Making multiple offers on one property
I am looking to make an offer on a condo in Wappingers Falls NY. I want to give a few options to the owner as far as the payout of the offer. For example, an all cash offer, an offer that splits the payment some now s...
Scott S.
What's His Cut? What's mine? 60/40? 70/30? Or, is it 50/50?
I'm on the fence about outsourcing my property management to a company. Why? Because there's a lot that I'm willing to do and a lot that I feel capable of and comfortable with doing. However, there are things that I e...
Garrett Todd
Banking asking for highest and best offer!
So, we have been working a pre-foreclosure in the neighborhood. It has been on the market for 5 months and we were the only offer. The bank negotiator asked to justify our price with a list of repair cost. We sent ...
Arthur R. van der Vant
Setting rental rates and negotiating leases
🙋♂️ As a property owner/manager, setting rental rates and negotiating lease agreements can be a daunting task. But fear not! 😅 Here are a few key factors to consider when determining rental rates for your properties:...
Craig J Chelette
Pitching roof to increase visual appeal and rent?
Have an offer in on a detached duplex. The front unit has a flat roof. I feel like rent is low and am wondering how much it matters that the roof is flat? Has anyone had success with getting more rent by adding a p...