Hi Everyone -I know it's still a tough/competitive market out there but was wondering if anyone could share their experience with putting an offer on a Multi-family home with an FHA loan? I know it's not ideal but thi...
Hello everyone,I am looking for some insight for some options or guidance to a concerning situation at one of my properties. I have an older tenant who is very pleasant and that has no issues with the exception of som...
We recently purchased a home that seemed to smell fine when we walked it, albeit with a scent diffuser plugged in. After taking possession the smell of cat pee is quite strong, especially on hot and humid days, with n...
My husband and I bought our first home (1973 build) March of this year. My husband is Military, and we are part of the statistic that purchased the home sight unseen. We were fully prepared to do some renovations and ...
Here is my scenario:- I sell my duplex which I owned for 7 years - I lived in the 2/3 portion and use the remaining 1/3 for rental all 7 years- Selling price 1 mil.- Am I correct that I can 1031 the 1/3 rental portion...
I purchased my first rental property a few months ago. It is a detached duplex with long term existing tenants. By long I mean the front unit lived there for 13 year, and the back unit lived there for 30 years! Th...
My tenants called today informing me they are breaking their lease and moving out. They moved in around February of this year. I had the rental professional sprayed before move in. A 3 or so weeks after they told m...
Hello,
I know that I need to consult a CPA, and I will, but if someone could shed some light on my options here that would be great.
I bought a lot and started to build a home on it. I had the intention of moving in,...
I have taken over a property where the previous tenant was a smoker and smoked cigarettes inside the property. Luckily the property does not have carpet in it. It only has tiled flooring. What’s the most cost-effec...
What is the best business entity for people seeking to buy a duplex as their first home and rent the other unit out? The property will be paid with by residential lending products and personal money, but how is the bu...