Tony Castronovo
Question about Late Fees
I've been a landlord for a little over 2 years now. Had to charge my first late fee today. I want to make sure I got it right, since the lease agreement I used for this tenant was a standard form and it's not exactl...
Bruce D. Bolton
Tax loss on passive income
Can I buy the ag land next to my residence, lease it to a farmer at a loss against my apartments? Or would it be possible to set up my purchase (perhaps through a entity that does such arrangements or a relative) as ...
Account Closed
1st & last month rent plus security deposit. too much to ask for?
I have 1 rental and normally ask for first month rent ($830) plus a deposit ($500).seems like renters just move out after the lease is over and treat the deposit as part of their last months rent.... so i end up with ...
Lenny B.
What should be the amount of Umbrella insurance?
Hello everyone,I've been trying to figure out the answer to a question about how to come up with the amount of umbrella insurance coverage I need. I used to have $1M umbrella, but my insurance agent says I am signific...
Jonathan G.
multiunits in San Jose, CA
Hey there,
I own few properties but now looking to buy my first multiunit building. I started my research in San Jose, CA where I live. I started by researching on loopnet, cariglist and talking to agents in my area....
Juan Rodriguez
Is Seller finance right for me???
As I've recently gotten back into the market actively pursuing deals after some time off to recoup from a couple bad partnerships. I've come across a lot of "investors" and I use that term lightly! That are like piran...
Jeff G.
Contacting Probate Leads by Phone
Is there any benefit to directly calling the probate lawyer and/or next of kin to register your interest in the estate's property instead of sending a yellow letter?If you do send a letter, is it best to send somethin...
Armeen Mazda
Depreciation recapture and passive losses when selling property at a loss?
I have a rental property with the following situation:-$155K of passive carryover losses-$100K of depreciation taken-$700K adjusted cost basis (purchase price less depreciation)- $775K net sale (selling price less rea...
Trey Crusey
Alabama Tax Sale Question - 25k overbid?
I was recently contacted about a property this gentleman hasn't paid his taxes on, went to tax sale a few years ago. Contacted the county to see how much is owed because he had no idea. They send me the redemption aff...
Sean Dezoysa
Scaling issue: Too many leads!
A wholesaler (and occasional rehabber) I recently talked to said he has scaled down his advertising because he is getting so many leads that he doesn't have enough time to set appointments with the qualified prospe...