I am in the process of closing on a duplex with both units occupied. I am moving into one unit (currently on a month to month lease) and need to ask the current tenant to move out. Is there a specific way to handle th...
Dear all,Any of you have done multiple rental properties grouping election as per Regs. Sec. 1.469-9(g)?If so, care to share sample text of the letter you sent to IRS? Or point me to proper resources? I don't believe ...
Hello all,I have tenants who were on a year lease that converted into a month to month lease per the terms of the original lease. They gave a 30 day notice to vacate mid-way last month. They paid for the current month...
I recently went to Wells Fargo and they're offering me 5% down on an owner-occupied duplex (I think it's a program they have for first time homebuyers). I'm all for playing by the rules, but how does a lender even ver...
Hello All,I’m new in BiggerPockets. Currently living in California and looking to invest in SFH in Austin,TX. Questions that I had,1) How soon we can get renters? Does SFH go on rent sooner?2) What should I keep in mi...
I am looking at the Sandy City code and it says that a short term rental has to be owner occupied and only rented out for 180 days in the year. What do you all do on the other 180 days or does it not rent out that of...
Can't find unauthorized tenants, pets, drug labs, etc. when I have to give 48 hours notice.
I just got an apartment style duplex under contract two hours ago. I have a 10-day inspection period and want to take full advantage of that time. What due diligence do you do you recommend for investment properties? ...
Hi Everyone, Hoping you can help me better understand a situation encountered during my closing. I am closing on a 1916 home in Washington state. Due to the age of the home and the fact that the seller has professe...
Hey,So in our apartment we had gas supply that would provide us with hot water all day round.The owner decided to take out the gas supply and so he replaced the radiators and the boiler for the water with electric one...