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New Home Sales Top 1 Million, Setting Post-Recession High
New home sales reversed direction in March, fully recovering from the 18.2 percent nosedive those sales took in February. The Census Bureau said sales of ne...
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I had a pipe burst in my rental property in December and I am still dealing with insurance company, and contractor. Can I collect lost rent due to this situation?
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I had said in my earlier post that prices would continue to drop and some questioned me. Here is some recent data that supports my projection.
Bloomberg: Housing Prices...
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I entered into a contract for sale with a tenant back in 2005. In Dec 2006, I had contract drawn up and buyer claimed he had placed a deposit in escrow, as well as signing his copy of the contract. In 90+ e-mails, w...
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Considering purchasing my first rental property. Can anyone give me a brief description on the tax implications of owning a cash flowing rental property ? What are the pros and cons from a tax standpoint ?
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I have 1 section 8 tenant that I inherited when purchasing my 4-unit property back in August. She is a lousy 25-year old girl who has her boyfriend over almost every single day. Last week, they got into an argument an...
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Hi all,I bought a 3b1ba home in south Chicago about 2 years ago on a turnkey website. The numbers made sense at the time from what I could tell.Fast-forward 2 years and I've paid about 18K in repairs, which seems at l...
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Hi all,
I bought a 3b 2.5b townhome in a rougher part of Raleigh in 2022. I definitely overpaid and was a bit misguided. It was my first and only investment and has overall been a really challenging and discouragin...
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So I'm currently looking at a deal for new construction in Alabama. It is a Turnkey company that specializes in new construction. They are the builder, the listing agent, the title company, and the property managers (...
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I have a few rentals in college towns. As everyone knows, colleges have been closed due to COVID19. I have college tenants who are wanting out of their contract due to counting the Coronavirus as an “act of God” (ther...