Max Householder
Our First Investment Property: Year 1
I had been meaning to post a recap of year one for our first investment property and finally got around to it...in April. Anyways, here goes. In November of 2016 my wife and I purchased a 4-family investment property ...
Jeff Leeker
1st single family rental is paid off. How to buy another?
1st and only rental is paid off. It's worth about $110,000.. rent is $850/mth. After all expenses I make $500/mth for the past 8 years. It's in my name, no LLC.
I want to keep this single family rental and buy anot...
Paul C.
Interest deduction for line of credit
Wondering if someone knows the answer to these tax questions... perhaps @Steven Hamilton II ?If you use a line of credit to finance the purchase of a rental property (not a HELOC), I know the interest is tax deductibl...
John Chapman
Refinance skip a payment advice needed
Hello everybody. I’m at the finish line with my refinance and it’s suppose to close on Saturday July 27th. The company is saying that it will fund on August 1st. It Was suppose to close on the 26th and fund on the 31s...
Mike G.
How to handle HML, GC and conventional lender`s harassment ?
I am looking for some help and idea to get out of the collaborative scam of HML, GC and Lender. I bought a house from an agent, who is also a GC and owned the rehub work on this property. He arranged Hard money guy an...
Zoe Lee
Fees upon termination with property management company
Hello fellow biggerpocketers, We are reviewing our contract with our PM regarding termination fees. I found this section:12. FEES UPON TERMINATION: At the time this agreement ends, Owner must pay Broker:A. all amounts...
Jerry D.
Late fees
When do you make tenant pay the late fee when you charge it? Do you let them carry a balance and pay by the next months rent? I am specifically speaking about single family. So if the pay the rent but it is late and ...
Mark Forest
Michigan eviction
My tenant has accrued a large sewer bill that I will have to pay if she does not. In addition she has lost her job and I doubt he will be able to pay April rent. She is paid up for March. If I serve eviction papers...
Paul Collins
Re: Reverse Mortgage
Can a relative of a deceased person who had a reverse mortgage sell the property? Is there something to look for in the contract language or is it pretty much a dead issue? No pun intended.....
Jeremy Kitchen
Roth IRA/SDIRA - Good companies/services.
Hey everyone! I want to open up a Roth IRA to create promissory notes and help my other investing friends reach their real estate goals. Does anyone have recommendations for a solid company to start that up? How do yo...