Chris Nare
First Rental Closed
On Friday, we began our REI journey. We closed on our first property that our agent found off-market. It is a 2 BR, 2.5 BA, one car garage condo in Fairfield, OH. We got it below market and need to spend about $15K to...
James Wierzba
How to legalize a partnership?
Hi,
I have been partners with my brother for the last 5 years on real estate investing. We own 8 units. Our partnership is a little complex:
- We both split the down payments 50/50
- We both own 50% of each prope...
Wade Garrett
Would Appreciate Some Advice
I just purchased my first fourplex and have a tenant who I foresee being an issue. She is currently on a month to month, as her previous lease with the old owner expired. The old lease says the rent was $900. Her secu...
Juan Carlos Castillo
Student Loans: Paid Ahead
Looking to get my first loan as an FHA, and the first question they ask is what my monthly payment towards debts are. If I have paid ahead on my student loans and technically do not need to make a payment for another ...
Jaquetta T Ragland
With the No Eviction Rule, are you prepared?
With this new no eviction order being passed - https://www.google.com/amp/s/www.foxnews.com/politics/trump-order-prompts-cdc-to-ban-coronavirus-related-evictions-through-end-of-2020.amp what actions are you taking to ...
Simon Gibbons
Dennis Block - sending notices without authorization
Has anybody else had an issue with Dennis Block (or any other eviction lawyer) sending notices without authorization? Last week, DB served a Perform Or Quit notice to a LA County MFR tenant without running it by me f...
Ivan M.
Can I take the depreciation
Besides the point of not doing business with family...I'm purchasing a house for my mom who will pay me rent. To get a better interest rate and rate on property taxes she has offered to be on the mortgage and deed. Ag...
Justin Linares
Writing Offer sheet
I am writing an offer sheet for a house I'm going to wholesale but I don’t know if to put “And/Or assign to” I want to make sure the contract is assignable but I don’t want them getting sus of me assigning the contrac...
Jerome Hanson
Buying books using business funds
It just dawned on me that I should probably be writing off as a business expense all these books I'm reading related to business and real estate. After all, it is technically educating myself on my chosen field, right...
Mitchell Gunlock
Land with ADUs
What do you all think about buying undeveloped land and setting up ADUs to rent out? I'd only look at land that's at least connected to water and power and already has a septic plan in place.