Andre Turning-Araujo
Condo In better town or Single family in Lesser town?
Single male here so schools at the moment don't really matter and i really don't plan on having children for a few more years.Condo is located in my parent's complex.I grew up there so i know the area.Single family ho...
Jeremiah Hutter
How do I Get Started?
Hello all!I have recently come across a ton of information regarding REI and am looking into seriously getting involved in this way of life. I am 20 years old working a 9-5 job that gets me decent money for my current...
Melissa Kirchhoff
Rules for screening tenants - income, credit score, etc?
For all the landlords out there, do you have a sheet or list of requirements for tenants, like a set thing like the 3x income and set credit score amounts and anything else similar that you would be willing to share w...
Bryan Greenwood
Bookkeeping Software Question
We currently use QuickBooks Pro 2016 for our real estate investment business. We use it for our rental properties as well as for our buy and hold properties. We are starting to have some database issues with the softw...
Randy King
Tax Consequences for Selling on Lease Option
Our exit strategy is to sell to tenant/buyer using a lease and separate option agreement. We are trying to hold each property over a year for long term capital gains. Could the IRS at some level of activity (2/yr, ...
Bienes Raices
Increasing the EMD in a short sale offer?
In an MLS short sale, does increasing your EMD help in the same way that it does with an REO? Or should I just offer the minimum that the seller/bank is asking?
Manuel Lam
Subleasing your business office space
Hi,
I have a consulting business (professional Corp). I pay $600 to lease my office. It turns out that it is common practice to sublease other days to offset my lease. I sublease at $250/day in this market. So I ca...
Alex Smith
2% Rule Calc on BRRRR
On the BRRRR Report, I see that the 2% Rule under the Financial Info section is a percentage. How is this calculated?My understanding was that the 2% rule was equal to 2% of costs. So, how can the result itself be a p...
Ingrid Nagy
My tenant wants to negotiate
In 20+ years this is my first request for a rent reduction and an educated one at that. Thoughts??
Good Afternoon Ingred,
I pray that all is well. In light of the recent a...
Brian Christensen
How much info should I give the investor?
So lets say I work a deal for house worth $100,000 and I negotiated the selling price for $45,000. If I listed the deal in the paper (handyman special / investors delight), and an investor calls me...how much of the ...