Kimi Ho
Sell investment property to buy multi-unit split use (rent/prim)
Hello,We are currently in the process of selling an investment rental property for $200k (in escrow) and purchase a split use property for $1 mln (also in escrow). The property will serve as a split use as it has 2 en...
Florent Gonthier
Newbie from Toronto
Hi, I'm Florent from Toronto, Ontario.Newbie at investing in general, I have decided to start looking into it a few months ago and I am now ready to make a move.I currently work a full time job as an engineer and I wo...
Justin Reader
water bill pay options
over the past four months I have acquired 5 rental properties. I am currently seeking the best ways to handle the water bill. what are some ways that you may or may not incorporate the water bill into the tenants rent?
Luke Schumacher
STR value add, dinning room or another bedroom, only one bath
Colorado Springs, Colorado.
I am flipping a home right now and am torn on one portion of remodel. There is a kitchen but no room for kitchen table or dining area. There is a front room down the hall that could fit a...
Jeff Gebhart
What percent of an applicants income to rent do you want?
Do you require that household income be a certain percentage of the rent in order to qualify them? My Dad told me 25 years ago not to buy a house that the mortgage payment is more than 25% of your monthly take home. ...
Kade T. Brunson
Medium Term Rentals in College Towns
I’m curious if anyone has tried using the medium-term rental strategy in college towns. I was brainstorming, and thought it might be a great alternate/exit strategy for rentals in those areas. I know typically rentals...
Rene Miguel
Are higher property tax properties worth buying?
Hello everyone!I am doing my due diligence and exploring different areas in Chicago. My goal is to purchase a 2/3 flat property, strictly as an investment. I noticed that some areas, like the Town of Cicero/Berwyn, ha...
Janice P.
Who's responsible for months of high, unpaid water bills?
I rented my condo in November 2021. The signed lease states:"...Lessee shall pay the utility company or authorized metering agency directly for all applicable charges for electricity, water andother utilities serving ...
Jay Blumhorst
STR - Best Method to Process Resort Fee/Amenity Fee
Hoping for input from experienced STR operators... Running our cabin as a STR. The POA has elected to institute a $5.00 per vehicle per, per night resort fee charged to nightly rental guests. We have 2 options for pro...
Andrew Nesbitt
How are 2nd mortgages priced?
For example. Lets say you have a $100k house with a $90k first and a $10k 2nd mortgage. Borrower has an 800 FICO. The 2nd is at 10% interest only, balloon in 5 years. How much would a fresh note like that be wort...