Douglas T.
Charged for repair I already paid for
I recently received an owner's statement from my property mgmt co. that had an $83 charge for replacing a toilet sloan valve. First of all... they're supposed to notify me before any repairs are done - they didn't. ...
Jordan Blanton
Keep paid off property or do 1031
Tenant is moving out of paid off property in August. The property was purchased seven years ago for 56k in a C- neighborhood, which is now paid off and worth approximately 170k. Light renovation of the kitchen and sho...
Ryan Marrs
Wholesale Transactions: How does everyone get paid?
Hello all, I'm just getting started out with Real Estate Investing. I have a question about how transactions work for wholesaling. I understand the process up until putting the house under contract and assigning contr...
Sunil Sharma
Loan options for a cash paid property
Hello,
We just bought a townhome in Harvey, IL, all cash paid. This is already rented on M2M.
What are our options to get most of our money back so that we can invest in other good properties?
PML or DSCR loans or...
Grant Kemp
How does the buyer's agent get paid?
Let's say I was looking at a house FSBO and wanted to be represented. Does the agent contact the owner and just say "Hey...I'm representing ____. I'm going to need 3% of your sale price, sign here."
Obviously phrasi...
Carolyn Morales
Tax strategy for paid off investment properties
What should we expect tax season if we paid off investment property this year, and how can we minimize the tax bill on the income of paid off rentals?
Shar Day
6th day and Tenant hasn't paid yet !?!
Today is the 6th day of the month, and I have a renter that haven't paid yet. New tenant (Jan 2015). For the last few months the rent has been deposited into a bank account.I texted and emailed a notice last night, in...
Ryan Farr
How I'm paid once I sell property
Hello everyone! I am just getting started in investing. I have a couple of questions but first let me play a scenario:I buy a house, cash, rehab it and net $15,000 in income once I sell it. Once I close on the rehabbe...
Ram Gonzales
Title clearing an old paid off lien
I'm working on purchasing a property. An original purchase loan was taken in 1998, which was refinanced in 2004, and then again in 2005. The title company cannot find a release for the loan from 1998 and says they nee...
Jonathan Polanski
SO guys! my Triplex is paid off :)
I own a Triplex free and clear thats bringing me 20% net.....it's worth about 250k....I purchased it for 160k....I'm thinking about taking out a HELOC, and purchasing a building for about 1.3 million. a 30-35 unit bui...