Wesley Perry
Rental Property is getting a new roof. How do I inform my tenant?
My property just got approved to get new roof. What's best practice with informing my tenant besides, "Heads up the property is getting a new roof." ? Am I just overthinking this?
Steven J.
Advantages of lump sum principle payments
I recently came across a thread with the term lump sum principle payments. I've searched this term and have failed to come up with much evidence as to how it helps investors except for with tax purposes.
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David Jenkins
Help with understanding Cap Rate in it's simplest form
Hi -- Can someone please explain how I'd be able to figure out a cap rate on a calculator as if I were a 5 year old?I've seen several other investors try to explain this and it still looks like Chinese to me (and I do...
Zach Davis
Potential Pitfalls Of Older Buildings
Hey Guys, I have a duplex in my area that was built in the 1920s. It has been fairly well maintained but not really updated at all. Its still the original plumbing and electrical, plaster walls, no insulation, all ...
Robert Chiang
Am I responsible for supplying a new toilet?
I have a tenant that says the toilet keeps clogging. I sent a handyman out and he says the toilet works, it's just older so it can get clogged more easily. I'm not sure if the tenant throws too much toilet paper or no...
Kam Nak
HELOC for BRRRR strategy and then finance
I have read some posts here in the forum where people have used HELOC to buy a property cash out and then get a mortgage loan to paydown HELOC in 1-3 months after some renovations. One of my question here is when you ...
Jerome Morelos
Home with undisclosed Cesspool
I’m in a “sticky” situation where I could potentially lose my earnest money (5k) due to me potentially backing out of the deal.I’m in contract on my first owner-occupied property that was listed as “public sewer” but ...
Alpesh Patel
Lender Requirement: 100% replacement Cost policy on a reno proper
Hi, I need help finding an insurance agent who will issue a 100% replacement cost home insurance policy. I bought this property and then decided to renovate the whole house so it is currently under construction and o...
Bryan Hancock
Taxation For Insurance Claims Kept Instead Of Used To Repair Property
So...if one receives a large insurance claim and decides to pocket it initially to pay off a mortgage and later does the property repairs what are the tax consequences? Using the dollars to pay off the mortgage initi...
Nathan Ku
Rental property Dishwasher
My renters have frequent tendency to break the dishwasher or maybe it’s just the appliance issue, how are landlords finding cheaper way to either buy or fix the dishwasher? Or getting around this frequent breakage pr...