Account Closed
Buyers refusing to show proof of rental income
My first deal....fourplex. FHA. Under contract.Deal will cashflow $50/unit. Rents can be increased probably 100-125 per unit.This is acceptable to me.However, buyers refuse to show any proof of income and DD period is...
Ryan Schuler
First investment going smoothly... on to the next!
Investment Info:
Single-family residence buy & hold investment in Millington.
Purchase price: $52,000
Cash invested: $4,000
This property was listed at $48,700, but it was a good deal up to about...
Max Gupton
Airbnb Self Employment Taxes (how to avoid?)
Thinking about listing my in-home apartment on airbnb and learned that airbnb income can be considered "active", not "passive" in the eyes of the IRS and results in the owner having to pay SE taxes on top of income ta...
Lynne Hart
Puerto Rican Island Retreat / 2nd Home
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $167,000
Cash invested: $80,000
This property is part time home and part time short term rentals and is in P...
Sam Lusey
I purchased a buy and hold long term rental condo
Investment Info:
Condo buy & hold investment in Clearwater.
Purchase price: $135,000
Cash invested: $15,000
I purchased a 2 bed, 2 bath condo in Clearwater Florida. I'm renting it out right now a...
Dana Holland
Selling property, tenants interfering
We have decided to sell our rental. Tenants are in until the end of July. We plan to list July 1st. The lease agreement states that tenants will allow us to show the house the last 30 days. Now that we are trying ...
Jonathan Viero
Seeking House Hacking Advice
Three weeks ago purchased a single family home in Running Springs, CA. I need help figuring out what strategy of house hacking I will use. My loan is a conventional primary residence mortgage. I will need to live on t...
Tyson Scheutze
How to Start Investing (Part 3)
We left our story of the beginnings of my investing career with me checking into an extended-stay motel in Syracuse, NY.
My message to Powers Contracting was simple: I am here until we are done with the renovation. R...
Trey Meade
Millionaire Is The Mission
I lost everything, the feeling that my life isn't going to be successful hurts. I know I have the skill of persuading, so I feel Real Estate would be a good Bridge career for me. Agent or broker as the first step??? M...
Abdul Azeez
HUDHOMESTORE Properties
Hello Folks - I see a number of hudhomestore homes I am interested in. My concerns are what do I do if an inspection uncovers structural issues that can make the investment unprofitable or what if title search reveals...