Hello all, I had a college age tenant sign a 2 year lease 18 months in advance near a university that is almost exclusively rented by college kids. It’s a 4 bed house and she signed and paid the deposit in full thinki...
I am sure this was probably answered somewhere on this forum, but I was unable to find it.I took out a HELOC for $51K, and have payed IO payment on it during all of 2018. Not sure exactly what I used this money for, s...
We're under contract for a SFH that is currently in use as a STR. Inspection revealed A LOT more problems than we ever imagined a house of this young age would have. We asked them to address 5 items that we saw as the...
My insurance (Farmers) accepted claim for flood damage. Kitchen had to be completely redone which took 2.5 months. I reduced rent to account for unusable kitchen. Tenants left after 1 month in the repairs after paying...
First of all, I want to mention how great this site is. I just spent the last 4hours reading posts.
Now here's my problem... I bought a studio in 2006 with 0 down for $250k and put in roughly $20k to fix up the place...
I've got a property with a negative cash flow for 10 years. I bought it right before its value dropped. The value never climbed back. It's had a tenant for most of the ten years, however, expenses are more than ren...
Good afternoon all!
Here it is!
My daughter and her boyfriend of 3yrs are splitting up. They bought a house together. My daughter put down $30,000 all together with her own money for down payment and closing costs. ...
I had an investment property that burned down recently. I should have approximately $400K after mortgage is paid off. Does anyone know if this is considered "free money"? or if I can do a 1031/1033 exchange? Are ru...
I inherited some problem tenants who couldn’t pay rent for months and were hostile in my recently purchased fourplex. I had dreaded having to undergo a lengthy and costly eviction process. But I offered $200 cash fo...
Last weekend I put out a load of bandit signs around the Vegas valley. I'm noticing the type of leads I'm getting has began to shift drastically. Many of the people I have spoke with through-out this week I cannot hel...