Joey Gorombey
Screening a Couple Moving In as Partners
Hey all,Thanks in advance for answering questions that may seem obvious to some. This is my first time dealing with multiple tenants moving into the same unit. They are romantically affiliated. I only received pre-qua...
Arnie Guida
Converting To Coin Op Laundry Questions
1. Worthwhile for a 4 family?
2. How much notice must be given to tenants? They currently each have their own washer and dryer.
3. How is hot water supplied? Each unit has it's own water heater, must I ...
Rich C
Multiple tax returns, worth the move to the Southeast?
I'm a new investor, planning to move from New York to South Carolina to have access to the real estate markets of the Carolinas and Georgia. Say I live in S. Carolina, but buy a 4-plex in Georgia. Do I need to file 3 ...
Steve Wilcox
Knob and Tube in otherwise very clean property, What Would You Do?
I would like to lay out a scenerio for a property that I am closing on in the next few weeks (hopefully, we have a final approval for SS) and hear what other buy and hold investors have to say.
Backstory- My ...
Enrique Jevons
Are you having tenants fill out a W-9 Form?
I just heard about a property management company having their tenants fill out a W-9 Form when they lease them up. This is for the purpose of reporting to the IRS any security deposit refunds of more than $600.I'll c...
DJ Thompson
House hacking a 2 family for my first investment/residence
Hey folks, So the time has come to finally move forward with a home/investment purchase. I am currently looking to house hack a 2 family home in a town next to my job. Was wondering if this looks like a good deal on...
Oscar Beteta
When are Sprinklers Required in 1-4 Unit Multis?
Hi everyone!I just purchased a four unit property in the Mt. Airy neighborhood of Philadelphia. The house is currently laid out as a quad (with all separate utilities) and the previous owner had obtained a variance ap...
Kranti K.
Series LLC & Financing
One of my friend told me today that his bank didn't finance when his property is in series LLC and he had to move the property to a standalone LLC to complete the financing. The reason from the bank is they didn't wan...
Angie B.
Project Management App or Website?
I have downloaded several apps to my phone recently, but before spending a lot of time playing with them all to see which is the best fit, I thought I would ask the forum...I am managing our own rental properties, and...
David Ruppert
Should I pay off my commercial property now?
I have commercial property that I currently owe $141,000 through a SBA-HEDCO loan at 4.25%. The tenant of this property is a brick and mortar retail business I own and the current market value of the property is app...