Hi all!I am a real estate agent in Rhode Island but about a year ago an opportunity presented itself to me to take over the property management role for 12 units in two neighboring buildings. It took some slight adjus...
I've submitted an LOI for an MHP a few hours away from where I live in a great city, with high incomes, housing values, and retail stores. Seller's ad said willing to carry 50% for 2 years. Asking $100k, I offered $...
Hey folks,I'm starting to make my rental units available for Section 8 tenants.Based on the research I've done, it seems that a standard credit check might not always be appropriate; after all, many Section 8 tenants ...
Looking for answers about HELOC live in California With the new tax law in 2019 My husband and I have enough equity in our house to pull out a HELOC was wondering if it’s still taxable if we use it towards the purchas...
I'm a new investor in Virginia interested in single-family rentals.I would like to make an offer with an inspection contingency triggered if repairs exceed a certain amount. For example, the contingency occurs when r...
Im psyched to finally have closed the loop on my first property from purchase, renovation, tenant in place, appraisal, and now finally pulling cash out to finance future deals.
I "won" the hubzu auction on 3/...
I had a showing today for our rental property and the individual said her kids (all 18 years old or older) would be living with her and that one of them is disabled. My requirements state all individuals 18 years or o...
We have an Airbnb, it's a small, basic 1-bed studio on our property, and has been doing great since we started last year. Guests are mostly singles and a few couples. We do allow pets with approval.I often have rand...
Hello tax gurus, How are you folks doing?
Background: In this year, I bought a house in CA for an vacation rental in Airbnb and VRBO. Its going good so far. I spent close to 25K in setting up as an vacation rental. ...
If I have been taking a loss as the house is empty while it's on the market. Will it hurt my chances to get another loan this year as my schedule E will show a slight loss on paper once the units are all averaged. The...