We had a tenant leave our rental property in May of this year. We received about $5,000 in gross rent. The tenant trashed the property and we had to spend about $8,000 on repairs. Including new paint ($4,400) an...

Hello,

I have a rental condo that I have owned for almost 10 years that currently rents for $1700 mth. The rent covers mortgage, taxes, insurance, and HOA and leaves about $30 on the table at the end of the...

Hello,My business partner and I are looking at some 100+ unit properties in Memphis and are getting hung up on real estate taxes, insurance, and utility expenses.  Is there a reason they are so high? Example: There is...

This may be a stupid question but I really dont know the answer (I am a newbie). When you find an end buyer, does the buyer expect to pay the closing costs? If not, how do you pass the cost on to the end buyer? Any ad...

Hi there,I would like to know if someone could give me some advice on refinancing a hard money loan.Here's the scenario:3 family home purchased through hard money lender. Term is 1 year but it can be paid off at any t...

How will a seller financed mortgage you had on a property affect getting approved for a conventional mortgage loan (on another property) from a bank? I'm assuming you would have to report it on the application wou...

I am a currently discussing a deal with another investor and wanted to see if you guys see any potential pitfalls in the structure of this deal... My main concern is 'capital preservation' and to make sure that...

Hello everyone. This summer I did a BRRRR in Ontario and I'm wondering what I should do regarding claiming the renovation costs. I purchased the property at the start of July and renovated it until Oct 15th. In this p...

A property's operating expenses are those that it incurs on a monthly or annual basis and are considered regular and continuing. Expenses like this include things like property taxes, insurance, maintenance, administr...

I’m looking to purchase a new primary residence as well as get into rental properties (SFH or small multi-families). So my original plan was to put 20% on my new home, and when I sell my house I’m in now use a portion...