Hey guys, I want to apologize if a similar strategy has ever been discussed, I've been a floater on the forums for a long time now and haven't seen anything like this, so I decided to actually post for the first time....
Long story short: I am renting a condo for below market value, month-to-month verbal contract from an acquaintance. I am moving out and since the landlord is very passive, lives out of state, has not time and knowledg...
Hi Folks,
Our friends at the IRS are auditing my 2009 return, mostly because of my real estate professional designation.
I have a full time job and the rentals take up all of the rest of my time and I easily spend mo...
We bought a rental property a month ago, and we want to be friends with all the neighbors. But - a neighbor that borders our lot along the back line has been throwing her trash (large items) into our yard. While we d...
Hey BP! not having much luck getting responses in the forums, but I'll keep trying. I have been thinking about the worse case or "nightmare" tenant situation. This of course involving extensive amounts of purposeful d...
Hi, Im trying to invest in rental properties but the prices in my local area are so high that everything I look at doesnt cash flow (with traditional financing). Everything is flying off the shelves. I mean everything...
How do you separate income and save for expenses? If everything lines up and its a good property what do you do to set money aside, hypothetically if your income was 1000 and you set aside 100 each for 10% for Mainten...
These properties are probably different than 98% of people on here deal with, but it is my line of business and has been for a long time. Hunting property. I buy, sale and hold, property that is used for hunting and r...
The property management company I work with in Michigan wants to charge me $250 for a renewal of a lease. I have two other PMs in another State and they don't even charge me for this. Is this common? It's just resigni...