As a property manager, it's not uncommon to encounter situations where a tenant begins to incur additional expenses rapidly. Whether it's due to changes in personal circumstances or unforeseen issues, addressing these...
My partner and I are going to purchase a buy and hold 10 unit where everything is divided 50/50 (money, work, etc.) and a management company holding it. I would like to know what are main safe guards which 50/50 LLC p...
Hi guys!This is my first post on the forum. Ive been listening to the podcasts and reading the books and articles for almost a year now so Im definitely ready to take the jump. My situation is probably a little differ...
In the Summer of 2011 I sold my primary residence for a sizable gain. I had the house for over two years and am single, so I was entitled to the $250k exclusion.
I have owned my new primary residence since December 2...
I may have an opportunity to purchase a fourplex with a partner (non-romantic). What we'd like to do is the following:I make this a point because he will occupy one of the units and I will occupy the other. He's not i...
I know this has been discussed in the form of how much debt should I carry and other similar topics. So I am applying for a cash out refi with a local bank (commercial dept) and they had me fill out a financial statem...
Hi all,I need some advice regarding a deal for what would possibly be my primary residence and first deal. First some background. I moved in to rental in NJ 7 months ago and I am in a fairly unique situation where my ...
What can happen if you get past your inspection period but are unable to close with the bank, either due to lack of funds or some unforeseen event? I'm not in that situation now, just wanted to know whats the worst th...
Hello, My wife and I signed a contract for a new construction 3/2 SFH in Ocala, FL a year ago and put down 20% cash (45k).The way the rates have gone, along with some other unforeseen expenses we are more than likely ...
Hey BP,How much do you budget when getting an estimate from a contractor? Once again, I’m in a situation where I’m spending more money on my contractor who is over his estimate. (Shocking, not.) I’m sick of being hose...