Nina Grayson
Financing-FHA Approved. How do I use this with others' money?
As I have been educating myself on REI, I wanted to know how much of a mortgage loan I could get approved for right now on my own. With one lender I was approved for $150k at 4.5%. I know it's peanuts for the CA mar...
Arthur Cecchini
Getting charged for carpet
Hey all,
Being a landlord previously before willing the properties I have a question.
My wife and I had to live in a place out of town for a year and we rented from a big box company in the local area. Everything...
Sherry Woods
Water leak tenant told me after it was leaking a month
We have a tenant that told us there was a running toilet a month after it started to leak. The water co says that it started 4 days after they moved in but they did not tell us for a month. Now she has a $500.00 wate...
Alex LaBelle
How screwed am I? Didn't find 2nd HOA until after I purchased
A new investment property (town home) was purchased about 2.5 months ago, and a tenant has been occupying the house for 2 months now. During purchasing it was disclosed that there was an HOA on the property, which we ...
Alec Siebert
Tenant Low Move-in Rate/No Deposit
We're looking into buying a 60+ unit complex where their current marketing is for prospective tenants to pay about half a month's rent with no deposit to get them moved in. I've been a property manager/investor for 1...
Eric Eckman
Straight to LLC or not?
I'm preparing to buy my first rental property, single family. Ultimately I hope to have several and plan to own them in an LLC. My debt-to-income is such that I could definitely qualify for a traditional 30-year mortg...
Craig Steltz
HELOC - LLC question
All,
If I take out a HELOC under an LLC. Meaning the LLC would own the HELOC. How would one deduct interest on their taxes? this wouuld be a single member LLC. Can I just use the EIN on my own personal tax return ...
James Gresko
Dodd Frank and cash financing for rehab deals
ANOTHER Dodd Frank question: How do I get around the owner/occupant restriction for Hard money? After several hours of research, I've been unable to come up with some answers to this dilemma. A lot of people know ab...
Kevin Kittilsen
Breaking up payments with multiple tenants in one unit
We rent to college kids often. We traditionally have all individuals sign one lease together. As far as collecting payment individual typically pays their portion of the lease separate to us. So we may have 5 separate...
Amit Sharma
Tenant complaining of Mold issues
I currently have a tenant that has been causing issues since day 1. The first three months, he automatically fixed minor things with the house and deducted the expenses from the monthly rent despite being told not to ...