James W.
Getting sued by tenant for fall on my commercial property
I own a commercial property in a LLC and back in 2014, I did some renovations on the building. During the renovation, one of my tenants claims she tripped and broke her hip on some loose gravel that was displaced by ...
Nick E.
How to book lender credits on a refinance
Hi, I do my own bookkeeping and am trying to figure out the proper way to book a refinance on an investment property.The refinance was a zero-cost refi with a huge credit of -0.75 points (on a $1.6M loan). This covere...
P R.
pulling equity from one rental to purchase another rental
Howdy. Straight to my question - Whats the best way to pull out equity from mortgage free (paid off) investment rental (property 1) and take that money and purchase a 2nd, lower value long-term rental (property 2) ?
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Michael W.
Accepting partial rent after serving Notice to Vacate
This is my first time evicting a tenant. This relates to a commercial (retail) building in CA.On 11/6, I served a delinquent tenant with a 3-day notice to pay or quit. Tenant requested that I give him until 12/15 to ...
NA Qayyum
Hoa financials look alarming?
Hi, i am looking to put an offer on the condo but i am alarmed after looking at the financials. It seems to be like the condo is heavily in debt and spending huge chunk of condo fees towards interest payment. Is this ...
Kate Gagnon
Tenant wants to modify unit? Thoughts?
Hi Folks,I just was curious what other people would do. I have a long term tenant in a duplex. I have let her paint her walls and when she wanted to upgrade ceiling fixtures, I had them installed for her and she paid ...
Hollis Cook
Good tenants, living in DUMPS... let them stay?
I'm looking at a property that is 3 single family houses and 1 efficiency on 2 acres. (Seller was asking $369k with no offers, will accept (verbally) $340k and will refund $6k in closing costs and $15k for repairs, $3...
Joshua Woolls
My first Tax Auction(Wayne County MI)
Over the last several months I have been researching and preparing for the local Wayne County Tax auction. The Auction wrapped up yesterday and when it was all said and done we only purchased one property. Here is a q...
Paul Johnson
Owner signed contract now want more money
I'm in the process to purchase a 6 unit building. The owner signed the contract and i took contract to Title company with my $1,00.00 down payment. We got the estimated settlement statement and the owner wants to back...
Chris Jones
questions about double closings and land trust
hello everyone, well anyway i'm a new investor and after some research i decided to focus on pre-foreclosures.
well anyway i was told of a strategy that i could use that didn't involve the use of any of my money or c...