Orlando Goodon
I'm about to lose my dream house! Last minute $30k bombshell :(
Found an amazing house! Beautiful, close to major city, triplex with 4 BR. $7k mortgage, $10k rents, fully renovated, 1700 sqft units. However, just before I want to make offer, bank shoots my $60k-$70k expectations o...
Mohammed A.
Do I need to pay tax if I sell my rental property in loss
Thanks in advance for your response. Much appreciated. Happy holidays. Another question, does the depreciation is calculated from the time when house became a rental property or I need to include depreciation during t...
Bonnie Sessomes
Renter didn't sign lease
Renter is a relative, she said her stay was just until she gets a apartment, it's been 90 days. Can I start her on a lease now? Can I throw her out?
Jose Guevarra
Partnering with a business franchise owner
Hi,I've identified a great fast food franchise that has no locations within about 70-100 miles of Santa Maria, CA. As a real estate investor I don't want to get into the fast food business but, I know this franchise ...
Stephen Nadraus
Accountant in Hampton roads area?
Little background, bought my first duplex December of 2017 and have done about 14k worth of improvements between each unit. This is my first house and I was looking to get some advice on how to move forward. For examp...
Logan Ogg
Should I use FHA or VA loan to purchase small multi family home
BP,I’m currently new to REI but I want to take advance of the benefits the military has to offer. I’m currently in the army and will be PCSing in a few months and I want to “house hack” a duplex or triplex to save the...
Robert Freeborn
Emotional support animals
A friend of mine living in Utah is trying to get an emotional support animal, but her landlord is having issues. Besides being provided with letters from her doctor and psychologist for the need for the animal, he is...
Jonathan Schwartz
DSCR-type Construction Loans?
Any recommendations for lenders who have a loan product for a DSCR construction loan? We are purchasing land in OBX and have a great builder lined up to build us what should be a tremendous rental property. The total...
John Underwood
Why an LLC may not protect you from a Lawsuit
I stumbled across this lawsuit while looking for something else.As I have mentioned before in this forum an LLC that is not 100% property ran can easily be pierced and the owner sued personally.Here is an example of w...
Sheronda Robinson
Owner Financing
I have a question in regards to Owner financing, I have read many forums but yet to find my best solution or option. I ran across a FSBO signed and called the guy up who is selling a property for 55k with 5k down- Ow...