Hey bp! I talked to the lender who I got me my 5% down Owner occupy conventional loan and he is under the impression that I need to occupy the home for 2years before I can rent the property. After our conversation I l...
I have recently come across a great deal on an Airbnb. This generates over 65,000 a year in short-term rental income. According to a few brokers I have worked with they say it's 20-25% down on a property like this. I ...
As a landlord or PM how do you document unapproved tenants? How would you build your case to file in court to evict based on multiple unapproved tenants of one of your properties?
For example, I have a 3/1 that I ren...
To try and make a long story short I purchased a property from a wholesaler 5/17 last year and got funding to flip. Come to find out title was not clear. When we reached back out to the Title agent whose name I should...
Hello everyone!I need some suggestions on handling a property manager dishonest practices and embezzlement. After a detail review of last year's statements issued by the property management agency in control of my 8 ...
What are the downsides of electing to be treated as a real estate professional for taxes? Would this make my real estate rental income become active income instead of passive? Is this taxed differently? I do not have ...
Well, I'm not really surprised by the outcome although dealing with any 'licensed' real estate 'professional' you just never know.
Most of you guys don't know the volume in which I do short sales. I typically do a l...
I have an up/down rental where the upstairs tenant is responsible for the electric bill. Over the past two months, the electric usage has been high and they have been arbitrarily deducting from the rent payment wha...
So, I find a property out in Jacksonville, Florida that I would like to buy and flip. This property is in very bad shape and would need a contractor or a very skilled rehabber to get this thing repaired and resold. Th...
I'm doing research on self-directed IRA's and just read in a blog that an investor can use funds in a SOLO IRA to purchase investment real estate just like one can in a self-directed IRA but WITHOUT the fees. Is this...