Dazrell Fleming
Taking a personal loan to purchase a home
So I found a deal for 45k on a single family home valued at 75k. Since the home is under 50k I struggle finding a bank to finance the deal as an investment property. So I applied for a personal loan at 10.9% apr over ...
Joan Pla
How do you deal with tenants paying very low rent?
Hi all, I came across a very appealing 6-unit building in a great neighborhood and while looking at the current tenants' rent info, I noticed all units are paying incredibly low rent. The building is C-class but my id...
Sonny Sacks
Using FHA, USDA, or 203k
Hey everybody. Never bought a home before and want to use the advantages of that to buy my first property that can hopefully generate cash flow. I live in LA County and prices here are insane. Looking on Zillow it loo...
Fiona Humphrey
Renting to a Residential Care Facility
Hi, I am in negotiations to purchase a property in Sacramento, CA which has an existing lease with a Residential Care Facility. The price and the rental income are good. I have looked up the license of the business wi...
John L Daly
retirement plan IRA, 401K plans witch is best
what's better whole life insurance , IRA, 401k? for contributing to long term ?
Margaret Feit
Reporting Personal-Title Properties on a Partnership Tax Return
My husband and I are members in an LLC partnership that owns several rental properties. We also have a handful of properties that are titled in our personal names because we have mortgages on them that had to be in ou...
Rahul Gupta
Managing first rental property from out of state.
We are planning to have a SFR as a rental property in St Paul, but we live out of state. What will be the best course of action to manage the property? Would a property management company be the best or should we try ...
Jon A.
Helping Daughter Buy a House
Our daughter is moving from Washington state to Albuquerque. She'll be retaining her old home as a rental. Her new job won't be starting until August. So, I was surprised when she told my wife that she had been qua...
Alex Shapiro
100+ Year Old Duplexes in Minneapolis?
In looking at the Minneapolis market, many multifamily homes are built around the 1900s. This is going on 122 years old, which means many harsh winters, degradation, foundation issues, etc. Many have boiler heat and A...
Harry Campbell
Almost done with my Rental Prop Taxes
Thanks to this forum I found NOLO's Landlord deduction guide and it has been a god send. It's answered pretty much every question I had and the examples are super helpful too. Great recommendation.
Anyways,...