Danny Valle
Recommended finance option for 1st time STR income property?
My wife and I have talked about investing in a STR and occasionally using it as a vaca home for ourselves. We own our primary residence (no mortgage), and we believe we can make good use of our equity. We also have ca...
Account Closed
Is it smart or a bad move to use down Payment Assistance?
I saw on Facebook some people talking about down payment assistance. I Visited on internet I saw some programs in MASS do help people with up to 25% in down payment assistance. Is this a good move? Is this something y...
Dustin Wells
Landlord and renters insurance
Hi Everyone,
I'm looking at getting my first rental, and am researching insurance. I'm trying to decide on insurance coverage. Am I right in assuming if a renter has renter's insurance, and they miss a payment on the...
Robert Livero
SUBJECT TO VS LEASE OPTION
HI ALL,
A FRIEND OF MINE HAS A PROPERTY THAT IS A BILEVEL THAT THE OWNER WANTS TO TO GIVE ME THE PROPERTY SUBJECT TO THE LOAN ( I'LLTAKE IT OVER), FOR 272K , PAYMENT IS 2017.94 PITI (RENTS IN THE AREA ARE AROUND 1500...
Demetrius Pettway
Ways to accept rental payments from tenants
So i am getting ready to close on a duplex which comes with a tenant in one unit. My plan is to househack it and live in the bottom unit. Any advice on how I should collect rent? Are there websites I could use to help...
Duncan Sanchez
collection agency for tenant who didnt pay rent and broke lease..
I have a tenant (now ex-tenant) who didnt pay rent and broke his lease. My lawyers suggest i contact a collection agency.
does anyone have a collection agency they can recommend? my main goal is to have it show up on...
Andrew Gingerich
Software for HOA Payments, announcements, contact info, emails
Looking for software recommendations for 90 unit condo association. Many new HOA owners and participants want online payments and to get away from check writing. Further, account might be made easier with software tha...
Austin Sluder
Newbie needs help with 12 unit
I am looking at a 12 unit for 550,000, my question is should I try to find a lender for the entire purchase price, or just for the down payment? I haven't secured any loans from anyone before so I'm not sure if I shou...
Brian Berry
Section 8 property owner - changed PM, no payments from CHA for 4 months
I am looking for suggestions on next steps. I have SFH in Chicago that is rented to a Section 8 tenant. Chicago Housing Authority (CHA) has always been very reliable in making payments on the first of the month. In Oc...
Jordan Payne
Late Payment But Late Fees Increase Cashflow, What Should I Do?
Single Family Rental tenant pays late consistently (5 of last 6 months) but pays and pays late fees which boost my cashflow by $75 per month. Tenant has never gone past the end of the month without paying in full but ...