Joshua Spivey
First Reno, GC asking for progress payment that wasn't contracted
So I'm working on my first BRRR property and have encountered my GC asking for a progress payment that wasn't contracted in. We agreed upon a 50/50 payment deal. I was originally told that this project would be done o...
Jim S.
Raising rent on Month to month
On m2m lease how do you raise the rent? Send a email & letter obviously but do you have them sign it or is a 60 day notification sufficient? I know I only need to give 30 day notice but I like to give 60. Do you d...
Laura Hamilton
Can I tax deduct the mileage used looking for rental properties?
Just about to buy my second rental property - however as a result in finding this one I drove to see quite a few properties the past few months. As it obviously was work related mileage, can I deduct that mileage on m...
Justin Sandall
15 vs. 30 year terms
Hey guys,I have been having a philosophical debate with my partner and wanted your opinions. Our first property has worked out really well as we have cash flowed since day one, have a great renter and were able to buy...
Santhi Mani
Deal falls through due to events just prior to closing- what next
Let us say inspection went through well but two days before the closing there is a roof damage due to heavy rains and corresponding leak inside the living room.Question:01. If seller unable to fix the new repairs prio...
Tamas Z.
How to determine cost basis (for depreciation)
Hello,I have a newly-purchased residential rental property, and I'm just now setting up my financial tracking for it.What's the correct number to use as the original cost basis, for depreciation purposes? I'll be spli...
Rich DiBiase
Bill Vaughn - Intellibiz - A Simple Mans Guide to Real Estate
SCAM !!! BUYER BEWARE !!! - RIP OFF !!! I purchased this course and paid extra for a monthly consultation with Bill Vaughn. Here's how the first conversation went:I spoke to Bill on the 20 minute phone consultation. I...
Penny Pattison
Sublease deposit questions
I live in Oakland, CA. I moved into a house four months ago and after some negotiations with the roommate taking care of all the business, we orally agreed that I would be on a week to week rental agreement, even thou...
Sarah Lewis
Early Termination Fees- Have they held up in court?
I'm looking for some protection against a tenant who will break a lease, especially during the winter months when it might take more than one month to find a replacement tenant. A early termination fee in the lease, w...
Jared Aquino
Thoughts on Unpermitted ADU
I have my eye on an older property (1920s), and after touring the place it became evident that a two-story ADU was built and connected to the original structure. I'm not sure when the ADU was built, but I looked on th...