I am very excited and grateful that i found this website. My name is Jacqueline i live in Los Angeles I am a landlord ive been a landlord for about 12 yrs. This property came to my hands. When i was just 19yrs...
My mom had a stroke in April which has eliminated any possibility of her ever returning to her extremely stressful 7 job. She is still technically employed and earning an income while she still has sick hours, and she...
I have a single family rental that is in my mom's name, but I have been solely managing for 10 years. I collect the rents, report the income and pay all the expenses. I attempted to do a cash out refi into my LLC, an...
Hi all, my parents have 2 primary residences, and they are looking to sell one of them. I was curious if anyone had insights on my scenario:Parents are living apart, yet still file federal taxes as 'married', but file...
After talking to 3 different big banks who said "No due to seasoning requirements," I finally got my credit union to refinance with no cash out on the home my parents deeded over to me 3 weeks ago. The refinance close...
My mother has 3 rental properties, and our current home. She has done fairly well for an immigrant into the US from MX. I have always seen her juggle these 3 houses and recently, this last Easter my spark for real est...
Hi BPI had a post which I initially intended to describe now I did a 1031 Exchange to trade my first home (condo) into a $1M 3 story commercial flexspace (currently 6 units)as I began to write this, it should have bee...
Hello BP,I am taking applicants for my first rental property. The most interested and promising applicant so far (after only a week) is a middle aged woman who's husband just left her (not sure if they are divorced or...
Hi all, My rental property is located in Orange County, CA. It is a 2 bed 2.5 bath that would go for $3100 per month in this market. This is the first time I am trying to rent it out though and I am finding it hard to...
Colorado limited income qualification to 2X rent recently. Does anyone have a strategy to protect against less-than-qualified tenants getting approved? I used to charge the equivalent of one monthly deposit for qualif...