Michael Dunn
Paying more than 70% , if you
plan to do most of the upgrades and repairs yourself
If you plan on doing the work yourself, can you then " safely " pay more than the 70% rule states ? So can you now pay 73 - 75% vs 70% , if you're going to...
Steve Mason
Filling in a pool rather than repairing
I've decided to fill in an inground pool rather than spending 6-8000 to repair. Does anyone have experience with this? Any tips? Do you usually need to notify the City, permit depts, anything like that when doing this...
Lafontant Cherilus
Owner Occupied Multi Family 50% Rule of Thumb (Taxes)
Hi - In areas such as NJ (that have high property taxes)....for an owner occupied duplex (or triplex)...does the 50% rule still apply?
Julio Gonzalez
Don't Overlook These 5 Tax Incentives!
Real estate investing can be very complex and while there are many things for investors to keep track of and pay attention to, make sure you aren’t overlooking these 5 tax incentives! You could be missing out on tax c...
Kate K.
Letter of intent for rent renewal.
Hi everyone,
We have 2 rental houses in the State of IL (suburbs). In 2 months will be the time to renew the lease, so I need to send our 2nd tenants a letter of intent for their rental lease renewal, and I was wonde...
Jon H.
Gas or all Electric - Energy Efficiency for MF Development
We're in the process of Title 24/PV mapping and a Gas/Electric appliance selection for our multifamily development in San Diego, our utility provider is SDGE. I understand there are a lot of energy rebates out there f...
Account Closed
Property manager salaried vs commission
I have been successfully managing my own properties for a few years and have been asked if I can manage other people's properties. I received the information that I need to be a broker to manage other people's propert...
Ed Allen
Need Help structuring a deal
I need some input - Here's the issue: I want to buy a property in Denver (I know it's late) both for my own investment and to help my nephew get started. I had wanted a duplex but there aren't really any. Do I - ?1. ...
Bethany Kerr
Need Advice: How to pay "partner" after initial first flip
My first flip closed in March and was a huge success. I self funded the project 100%, but, agreed to pay a friend 35% on my first flip for his knowledge from pay flipping experiences with a family member. He helped ...
Tom Ochieng
Inherited tenants questions
Hello. We purchased our first duplex on January 1st. We let the inherited tenants know of the change of ownership and gave them a formal notice to vacate. Our plan is to live in one side and update the other side befo...