Cody Evans
Wholesaling: Roughly How Much Equity Needed?
Hi everyone,First off thank you so much for all the helpful answers I've received recently, I'm getting closer and closer to getting a decent understanding. Anyway, enough of that mushy gushy stuff! I live in northern...
Mary Ann
Is a condo or a townhome a good investment in Orlando now?
Is one better than the other when it comes to renting out? I am not thinking of a SFH until prices drop. However, for now the strategy is to get a condo (or townhouse!) and then buy SFH in a year or two. I just want ...
Tenetrice Johnson
1st phone call with agent
Hello all. I just made my first call with an agent on a distressed home and....It. Felt. Good. The agent was nice, I tried my best not to sound "new" or "nervous" but I built a little rapport and put in my offer. WHEW...
Tarek Wazzan
Rent to own business model question?
Hello everyone!
I am wanting to switch up my business strategy and would like to get opinions on doing rent to owns as a business model.
My question is: can I get big down payments like 20k down and instead of giv...
Travis Reed
Does owner financing count toward DTI?
Does owner financing or private loans in general count toward DTI? I imagine the lenders will not know unless you tell them? Although I guess interest paid on the loan would show up as an expense on your Schedule E in...
Fred Stevenson
Allowable tax deductions
I'm an active investor, but I don't qualify as a professional REI. I'm trying to understand what types of business related expenses I can deduct. I have created an LLC that I will be using to buy my investment prope...
Scott Christopher
Townhouse Development Cost - S. Seattle
I've got a 22,000 SF property in S. Seattle / Skyway with existing rental. Options to develop it include a 14 unit apt building, or 8 townhomes, or simply put 4 townhomes behind existing home. The property is relati...
Marty Rogachefsky
New Refrigerator - Capital Expenditure or Repair?
New investor here!We had to replace our refrigerator in our rental, due to the old one breaking. Is this a Capital expenditure or an operating expense?I'm also wondering what the advantages are of classifying one as a...
Scott Schultz
Plumbing Stoppage in Multi-family Property. Who Pays?
Hello there. I have an interesting question regarding a 4-plex we own that is on septic. We had it pumped yesterday and in addition to being full, the plumber had to auger the line due to back up. Of course it was gre...
Gulliver R.
How to valuate a mobile home park
How do I price out a mobile home park? I know that NOI/Cap rate= property price, but I don't know what cap rate to use. Do I use a 10 cap, do I use an 8 cap, do I use a 13 cap? I appreciate the help! Thank you.