Nic Bernal
Lender has been dragging since November. Seller is pulling out.
Hi, I began my house purchasing process with SEFCU, a local bank in Albany, NY. I was going through the SONYMA program, and my LO was supposedly experienced and versed in the program. This is a program that is low dow...
Ben Sears
BRRRR Purchase and Remodel in Farmville, Virginia
We're currently in closing on this property outside of Farmville, Virginia. We purchased this property from a friend that we have purchased from before. She has a HUGE portfolio (30+) of houses that are in significant...
Justin Polston
What have been your main issues with your current PM?
Good morning everyone! Hope your day's off to a fantastic start!Right to it - even if you are satisfied with your current PM, what don't you like? What would you change? If you have the 1 in 100 rockstar, what are the...
Zain Butt
Tips for a Highschool Kid wanting to get into Real Estate
Hi everyone I'm new here so sorry if this is kind of a drag. I am currentlly a high school student. My parents are well off people but work regular jobs in hopes of retiring at the usual 55-65 range. I came across the...
Justin Cloyd
Portland, OR house - sell, rent, short-term rent?
I'm looking at options for my current residence (3 BR, 2 BA house) in Portland, OR. I'm not sure if it makes sense to sell and invest elsewhere, or rent it out as a long term rental. (Portland doesn't allow whole 3 BR...
Rik Hunter
Mid-term rental start-up costs
We're converting a long-term rental to a mid-term rental. It's our first go at this, and I'm being conservative with my numbers, like expecting as much as 3 months vacancy and including that in the cashflow calculatio...
Art T.
Debt to income ratio with investment property?
I understand that debt to income ratio is very important with the first property you buy, mine is comfortable 30 %. However, if looking to go into a 4-unit property as a second property, in my case it would raise my d...
Hemanth Grandhige
Optimizing Cash-Out Refi and New Purchases
I have 5 rentals in the Atlanta and Tampa area. In total they are worth around 1.2M and I have debt on them around 260K. I have talked to a Loan Broker about doing a cash-out refi. We first talked about a portfolio ...
Stephen Homes
Tenant candidate with eviction record wants to pay 1 year rent
I have a tenant candidate who has evictionS on his record. Currently he doesn't work and gets unemployment, is a student and his fiance who is the only one working. Two kids. He showed proof that he can pay 1 year.Wha...
Paul Passafiume
Tax preparation costs for business+ individual
Ok, so I got my tax prep bill and I think its way high. For discolsure, my accountant had to file 5 forms:1040 US tax ind return1040-ES Estimated TaxKentucky Ind taxKentucky Est taxKentucky Single member LLC tax retur...