Riley Hoffman
Estimating Repair Costs for Fix and Flips
When going to Home Depot, Lowe’s, etc. to find out the repair estimate for a fix and flip. What are some good questions to ask? Who do you talk to at the store to get the answers? This is for all types of properties. ...
David F.
Question about Calculating DTI for an existing property
I have a 4-unit property that brings in $144K/yr in gross income. Expense-wise my mortgage payment runs $55K/yr and PITI runs about $15K/yr for an obligation of $70K.Which of these scenarios is correct as it pertains ...
Chad Armond
Water Leak: Who Is Responsible for What
A recent storm caused some inside damage to my rental property. The root cause is a leak in the roof. I know that I am responsible for the roof. As far as damage inside to furniture and such, is that my responsibil...
Sam Grant
Mandatory Oklahoma Renters Insurance?
Purchased rental property in Oklahoma. Want to require renters insurance from my tenants for obvious reasons. I have done some research online and I am finding online sources that say OK does not allow you to require ...
Precious Thompson
Expenses
How do a landlord find out about expense such as garbage or sewer , Since every property does require these fees, should they still be included when evaluating the numbers for a purchase , and who is responsible to pa...
Steve Rozenberg
To Refer or Not To Refer?
Should You Refer Vendors to Clients or Let Them Find Them on Their Own?
Adrienna Payton
Renting Out New Home
I started AirBnB in July and brought in a good chunk of money to offset expenses. One of the guests let me know that they would be interested in renting the home. His wife and daughter both recently secured a job in t...
Account Closed
Contract Consideration (aka deposit)
What are some creative ways to make a legally binding contract without putting down a sizable deposit?
For example, consideration doesn't have to be money, what else could it be in a wholesale deal?
Fru...
Joshua Welch
Depreciation in multi-member llc
Hey there everybody. I have a question for the group. I am wondering how depreciation and other tax write offs for that matter that I can take with a rental property, I am wondering how those would work in a multi mem...
Brad Warshaw
HOA Statute Of Limitations FL
I bought a condo at the county foreclosure auction where one of the two HOAs foreclosed. I did not know about a second HOA and they want 11 years worth of payments. They never filed a lien. I heard there is a five yea...