Tom Kentop Jr
Buying First Investment while building a primary.
I am in the process of purchasing my first investment property (Triplex) which I plan to live in for the short term. I plan on purchasing with a primary residence loan rather than investment loan for the favorable ter...
Kapil Patil
Rental Application Fee
Hi I am from Texas .We liked one rental property and we have reached out to the seller agent with 100$ a month less than asking price. Seller agent has asked us to pay the application fee without approving or disappro...
Eric Sammons
Personal vs. Business Loan
Hello,
I recently applied for a Line of Credit at a traditional bank to purchase another SFH rental. I currently have a SFH rental that's completely paid-off, and so I was going to use that as collateral on the LOC. ...
Bryce Gubler
4plex with below market tenants, how to best approach raising rents in California?
Hello BP!
I just closed on my second 4plex in Emeryville this week, which is 75% occupied, and every unit is renting below market (~$250-$1500 less). This is the breakdown:
2 tenants on month to month leases ~$250-...
Brian Christoff
How many applications to give/accept at one time?
New to renting / landlording. We are renting out my fiance's house and after only 36 hours of having the listing posted, we've had 16 inquiries thus far with several folks stating how very interested they are. Havin...
Billy Daniel
Stating your tenant criteria up front?
Do you place your tenant screening criteria on the application or advertisement? I have the income requirement on the application now, but I'm curious if other PMs list things such as minimum credit score, eviction-f...
Adam L.
Lease CPI increase
Hello,First I want to apologize. English is not my first language.I purchased a retail building with a single tenant about a year ago. The lease states every year it adjust to the Bay Area CPI San Francisco/San Jose/ ...
Tobias Joneses
irs form 8582 unallowed and allowed losses
Hello, I have a question. Say I have a net loss of 20k. 4 properties each have 5k loss. The allowed loss for each is 3k and unallowed is 2k. for next year am I allowed to carry over the net loss 20k? or just the u...
Jessica Stern
Long term financing with little to NO seasoning period
Hi everyone, I'm a real estate investor in Philadelphia and have secured hard money financing for my latest investment property. Once the renovation is complete and I rent it out, I'd love to refinance ASAP. Would lov...
Robert Wright
Off market, vacant property left in trust to a divorced couple.
I have a situation I am sure a wholesaler has been through but I have no clue how to proceed. I have a neighbor 2 houses down who the house was given in trust to him and his wife from her father. The owner listed is b...