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I was being naive and let the tenants move in without having utilities to their name. I outlined this in the ad but nothing in the lease. At this point, I'll be paying for their utilities for 1-2 weeks. I can't make c...
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Hi. I am a Canadian first-time home buyer and have just purchased a fourplex. I am trying to decide if I should live in one of these units vs. renting all 4 and continuing to rent at my current house. For context, I a...
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I have found my first deal and am ready to write an offer. It's a bank-owned property that needs new carpeting, paint and a good cleaning. I am planning to clean it up and rent/sell it, NOT live in it. I am counting o...
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The following Quote stopped me in my tracks and I had to read it a several times.CAR projects that by 2025, California will be a majority renter state. “Home ownership is becoming a luxury item,” Appleton-Young said.I...
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Hi,I am a newbie wholesaler and have came across a few leads where the sellers have existing mortgages. Consequently, on all the houses I would offer less than what they owe. Any ways to get around this when negotiati...
I purchased 3 office buildings as a package back in 2006. I'm selling them individually and have the first contract. Can anyone tell me generally about the tax consequences. I will be taking my taxes to a tax accou...
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Warm greetings to EverybodyPlease do not tell me I need to talk to CPA.I already have, not much help, I will keep trying.My situation is really a little bit unusual.I decided to crack in pieces, and maybe someone can...
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I have a distant cousin who has a subsidized USDA loan on a 3/2 home. The balance on the loan is 70k and the homes current value is around 90k. Her payments are adjusted each year depending on her income. She doesn't ...
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Hello! My current pension plan is being closed and I would like to roll the capital into a self-directed IRA. At first, I planned on investing in stocks. However, I have a "side" business in which I buy and sell vacan...
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Hi guys,What is the worst that can happen if you illegally add a bedroom in condo? e.g. what if the you don't get approval from the HOA first, the HOA prohibits addition of rooms, etc? What are the chances of any cons...