Dana Powell
Are closing costs deductible on a 40-year DSCR mortgage (purchase and refi)
Greetings, when researching online, i came across a nugget that typically deductible closing costs can only be deductible on mortgages that are 30 years or less, but I can no longer find that web page! If there is su...
Mona V.
Cracked bath tub due to tenant
My tenant informed me that she slipped, fell and caused a big crack in the fiberglass tub with the knee. House is 13 years old, so I would put life of tub at 13. She is claiming it's bad installation etc because they ...
Marc Appel
Owning Rental properties with multiple mortgages.
I am going to get right to it. Here is my scenario. Let me know how this adds up or any advice you may have. I am sure someone in the community can tear this apart or let me know if this makes any sense. Thanks for yo...
Jeremy Porter
Navigating Financial Challenges with Empathy and Solutions in Property Management
As a property manager, it's not uncommon to encounter situations where a tenant begins to incur additional expenses rapidly. Whether it's due to changes in personal circumstances or unforeseen issues, addressing these...
Jeremy Porter
Managing Additional Expenses: A Property Manager's Guide
As a property manager, it's not uncommon to encounter situations where a tenant begins to incur additional expenses rapidly. Whether it's due to changes in personal circumstances or unforeseen issues, addressing these...
Joshua Zapin
Property Management Indemnification Standards
I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/...
Nick Drury
Selling “Basis” portion of property to a partner
When selling a portion of a property to a partner, is it possible to sell the “basis” value portion of my property and not the “capital gain” portion such that I don’t incur capital gains taxes upon sale? When selling...
Steven Mitchell
bought from a wholesaler, question
we gave 5k earnest money, agreed to 82.5k and at most 2.4k miscellaneous and closing costs. HUD gets to us and its an additional 3.9k. We call them on it and they say they incurred more costs than normal in acquirin...
Jerome Morelos
Insurance for a house hack
I plan on house-hacking a 2-4 unit property and the insurance aspect is very confusing to me. What type of insurance is best? I read that replacement cost policy is best because it gives full coverage of the property,...
Kyle Hussey
True (Simple) Bi-Weekly
For a Conventional Loan, is there any reason why some one would not want to set up a True (Simple) Bi-Weekly payment structure? At least for a some one who is planning on holding the investment for a long time. S...