Jordan Tenjeras
Rollover IRA Promissory Note Terms
I've developed somewhat of a relationship with another real estate investor with whom I've lent money from my IRA. I'm now looking at providing funds on a 1-year basis for some deals which will be mostly wholesale bu...
Brenda Schuette
What do other property managers get paid for around 34 units
I have been on my job for close to 6 years now and still only make $1400.00 a month, that is total. The owner deducts from this pay $600.00 for rent every month. So in actuality I make only $800.00 a month for 34 unit...
Sean Davis
First Property Operating at Loss
Hello, I am looking at becoming a first time real estate investor in the Chicago land area. I looking at getting an FHA loan to finance my first property. I was wondering if it is normal for first time investors to op...
Tony Blessings
Milwaukee Property Managers
I am new to this landlord business and will be closing on my first 5 unit apartment in Milwaukee. The realtor i used has a property management business and also a real estate investor. His property management company ...
Josh Ferona
Cost basis tax question
Hello, I recently bought a home for about 30k and the home had about 16k in repairs to get it rent ready. I believe this will be added to the cost basis and the cost basis will be 46k but I just wanted to make sure. O...
Tony Nuttall
Average cost per sqft to build
In todays market what’s the average cost per square to build in the Houston area. I know that’s kind of a vague question but I’m looking to build 1100sqft house. 2 bed 2 bath. Not too complex of a design. I will do th...
Omid Boloori
Bookkeeping question on loan payments
Hi all,I had a bookkeeping question for you buy-and-hold folks out there. This is probably a very basic question for the pros, but I'm am just about to wrap up my first official year as a formal landlord, and wanted ...
Guillermo Oyola
How can I tell if foreclosure is first position?
Florida is one of the top states getting hit hard with foreclosures. I know you should only bid on first position mortgages that are being foreclosed. How can I tell if that's the case?
Final Judgement says:
"Plai...
Steven Gillmer
HML v. 401k Loan
Ok, so I am currently searching for a property to BRRRR in Memphis where I currently own 2 properties. I can fund the deal with cash + a 401k Loan or I can use a HML. I can afford to make payments on either and the 40...
Michael Dunn
Using a VA Loan while Owning 2 Rental Properties ......
Good Evening,I was hoping other members could please help me in answering, and shed some light on my following 2 Questions/Scenarios .......1. How soon after I buy an Investment Property, will I be able to SHOW the R...