I'm new to this board. I'm looking for someone who understands the intricacies of obtaining a loan for a commercial/residential property.
The property is a storefront with apartment upstairs. I currently occupy bot...
I switched from QB online to desktop because I could not justify the pricing any more. I am running into a few issues.I have two tenants who pay rent three months at a time. I am stuck on how to apply the existing cre...
Good evening! These forums are great. I'm writing to ask about best practices or common approaches to accounting for property taxes.
Here the tax bill comes out in November of each year. If you pay in November you ge...
Hey guys, My name is Mark, I am a 19 year old investor and just closed my first triplex in New jersey. I have been talking to a potential tenant and he has terrible credit but claims his father has the same name and t...
I have been searching some local small banks for refi rates on total cost and rates. My idea is to go conventional loan for 20 year or 30 year. With no money out of pocket.I have a duplex that I purchased for $155,00...
We are looking to purchase our first STR and my wife is a (new) realtor. Can we use her 3% commission towards closing cost when financing via a non conventional lender like host financial?
So I have a strange one. I have a tenant that moved out - his lease ends 07/31. He's paying the rent and his uncle in town is looking for a person to sublease. They found a prospective tenant that falls under the cred...
Hi guys,We have a seller who's interested in putting their property under contract with us. They have an issue with paying costs at closing, however.Our contract states that they pay the costs of preparation and trans...
OK, have a home built 1925 and we are closing tomorrow. Needed to get insurance that includes 100% replacement value. The home is brick. Great condition, except they want $2k+/year to insurance including $5k deductibl...
Can someone please explain to me what a mini-mortgage is and how it works when you have a partnership on a STR and one person is the “Money” and the other is the “Sweat equity partner?” How does the sweat equity partn...