Tawny Bloom
Funding a family member's purchase
I might entering new territory and need some guidance. My husband and I might be the primary lender to my mom to help her purchase a property as her primary residence. We want this to be a formal loan and make sure...
Tangie A.
Tree Guy Put A Hole In My Roof
Yep......just what the title says. I'm having a tree removed from one of my properties and the tree company accidentally dropped a limb which hit the roof and made what he described as a "hole" in the roof. I'm lite...
Sheena Varghese
To sell or refinance an existing rental
Hello,Looking for some advice.I have a property that has poor cash flow ($50) after all expenses and reserves are considered but it has good amount of equity in it. It's a 2600 sqft home in a nice area but the schoo...
Ayodeji Kuponiyi
$3200 Needed to Close on Personal Residence
I need $3200 to close on home that my wife and I like. The home is a personal residence not for investing. To close we need $8550 and we have $5500. We're using FHA loan with 3.5% down. Any ideas of finding the money?...
Patrick McKenna
Electricity Charge for RV tenants in Mobile Home Community?
Hello All - I have a 75 unit mobile home community that is comprised of about 50 MH lots and 25 RV lots. For the RV lots, we currently bear the costs for water, sewer, electric and trash. Historically the costs have n...
Brian Chan
Cash Flow vs. Appreciation
Location A: Positive Cash Flow + 4% Appreciation each year (as such locations which the 1% rule apply)
Location B: Breakeven Cash Flow + > 4% Appreciation each year (locations with higher appreciation like Austin ...
Alicia Zhao
Should I allow Corgi dog on my new Berber carpet?
Hi, Met a lovely young couple who are interested in renting our luxury condo in Palo Alto. The only thing I am hesitating about is they have a corgi dog. She said it is her psychologist prescribed service dog to ease ...
Tricia O'Brien
What's More Risk - Tenant with 2 cats vs 1 dog (California)?
I have a rental home in Modesto CA (single family home - 3 beds/2 bath ) with a vacancy I want to fill by Thanksgiving. Many of the applicants through my property manager have 2 cats or 1 dog. Initially, I wanted to ...
Vitamin Gee
Dodd-Frank | Prepayment Penalty Q
Hello,I have a question about Dodd Frank and the application of a prepayment penalty.I’m selling a condo for 305k.Buyer is:
Putting putting 30k down;Getting 130k mortgage with bank and;I'm dong seller financing for ...
Noel R.
1st Deal: 260K Duplex Too conservative?
All numbers annual. House built in 1980. Property is 2.5 hrs away and has long time tenants in place. Rents 1150 newer tenant & 925 longtime tenant, identical units which leads me to be optimistic about raising 92...