Jonathan Decoster
Property Management Company Dropped The Ball
I own a house down in Baton Rouge that I have a property management company that manages it. Got a call last week from my property manager saying that the tenant is moving out today, they put in a 60 day written notic...
Susan Bearry
HUD--Inspection revealed major issues undisclosed in PUD
(Sorry for typo--PCR, not PUD.)I am completely inexperienced in purchasing HUD homes, never even bid on one before now. The questions below concern a HUD-owned manufactured home in the Austin, TX area.What inspection...
Garrett Binder
Need advice - too many options
I'm writing this for my Mom and I'm looking for some unbiased advice here as I don't know too many people yet in the RE investing game. Here's the situation.
She is 71 years old, owns a home in San Diego that can pr...
Jennifer Stanovich
What happens to expenses if I move into rental property?
I am buying a rental house with proceeds from the sale of a rental duplex. I plan to renovate the house. There is a possibility I will ultimately move into the rental and sell my current residence. I know I would t...
Amol K.
Timing of next property for interest deduction
I understand that if I do a cash-out refinance on an investment property (Property A), and use the extra funds as down-payment for my next property (Property B), then I can deduct the interest paid on the cashed-out f...
Aubrey P.
Tenant Allowance calculation help
Hi there. I have a commercial property that's 1020sq/ft. I just signed on new tenants for three years, who have moved in. They will pay $36per sq/ft for the first year. Then $37.26 the second, $38.56 the third, with a...
Dustin Long
Lender is under contract, but is refusing to perform, causing problems
I contracted with a private lender who also has is licensed mortgage broker. He is refusing to live up to his end and provide the financing, which has made my payoff for the refinance to jump from $118,000 to over $13...
John Weiss
Indemnification Clause in PM Agreement
Looking to hire a PM was going over the agreement. Saw this and it kind of concerns me that basically im on the hook for any stupid thing they do. As a General Contractor when i manage a site im used to being the one ...
Daniele Rosman
How many loan applications should I submit?
I'm new to real estate investment and have spoken to a few lenders. I had thought that I should send applications to quite a few to get the best rates/offers, but one lender told me I should just pick 1 or 2 and apply...
Brett Staples
Should I require renters insurance
so my property is almost ready to be rented. Should I require renters insurance and what is the purpose. Should I get my name on their policy. Why