I'm using a HUD program which reimburse up to 50% of new construction cost but carries a silent 2nd lien for 20 years. This requires me to rent too low to moderate income families and maintain the property to HUD sta...
I have a rental in which I have an attached mother-in-law suite and then the main house. The MIL pays an all inclusive $1100/mo and is on a verbal lease. The main part of the house, I put on regular 12 mo lease with ...
I bought vacant land, built a spec home and sold it to an end user. I know that interest on the acquisition loan can be included in the cost basis since it’s inventory. But what about the interest on a cash out refina...
I have a friend from my church who has suffered both financially and in her marriage relationship because they had to move from their apartment to a new apartment IN THE SAME COMPLEX. Their old apartment had reoccurri...
I received a text message this morning from my tenant saying that over the weekend he replaced the kitchen faucet. On one side it is nice he is taking care, BUT I am worried about falling into a game of repairs and m...
We are selling a REO house we bought 5 months ago. As we going through the closing process, the title company found out that there was a loan that was taken out by previous owner that was never paid off. The loan wa...
We have a house in New Mexico that is currently being rented. Unfortunately a number of smaller things have gone wrong and required repair (e.g. an appliance, a lock, etc) and more recently there was a plumbing issue...
I'm a long distance property owner of a fourplex. It seems that my property manager is playing games with me and not providing information for work done to the property. A few of the items are listed below which occur...
My property manager retired and sold my account to Leria Group. Leria Group, while bigger, has been only a marginal property manager. Several months after the fact they send us a contract with a 12% rate and $50/...
Hi, I'm still a beginner in real estate investing but 2 months ago, I signed a contract to purchase a 6 family. We have gone through property inspection, appraisal... The seller has been trying to find excuses to back...