Austin Sanders
What to do when the electricity bill is much higher than usual
2 of the tenants in a 4plex I manage have been complaining that their electricity bills are almost double their normal amount. They both say that they have not been using more energy than normal but the bill for a uni...
Ron T.
Who should pay for dishwasher repair?
Hi All,I have a SFR where the dishwasher wasn't working well so I replaced it with a new one. Now about a 15 months later the same tenant says that the dishwasher isn't working and think the motor is burned out.My re...
Kristi Wolfe
DTI if I have 100% of purchase price in the bank
My husband and I are considering partnering with my brother on a deal. Between the 3 of us, we have well over 100% of the purchase price in IRAs, savings, and investments. I am self employed and my W2s show only ab...
Idan Avivi
Should i pay the Points?
Hi All,Im currently in a process of funding a deal with a private lender. the deal is around 700K and he asks me to pay the points in advance and not during the closing date.Is it normal? the lender is providing me a ...
Monika Woods
Missouri - home purchase with tenant!
A friend’s aunt in Missouri is being asked to move immediately. The home was purchased and the new owners made the request. She has no knowledge that the old owner sold it. What will happen? She is in her 80s.
What c...
Brittney Lundeen
Rental license required by the city?
I'm only weeks away from finally renting out my first property! I will be renting it out on Airbnb for the month of February since the Super Bowl is nearby and there is a limited supply of housing. After that I will b...
Courtney Kelly
Rental Property Calculator Expenses
Hello,
I am new to analyzing deals using the rental property calculator. I understand why most of the information is needed, however am trying to understand the need to enter in expenses (such as electricity, gas, an...
Nicholas B.
What is your experience with negotiating loan docs?
I'm a multifamily investor, was an all cash buyer and more recently started financing and refinancing. 1-2 million dollar loan amounts in several different portfolios.100 units total.The following has been my experien...
Jay Hinrichs
Foreclosure Crisis 2021 NOT !
Recent report by corelogic indicates no crisis in the offing. and defaults are down since June. So those sitting and waiting for this massive foreclosure correction might not see that.What I personally think is for su...
Stephen E.
AC Issue
I have a townhouse with a 20+ year old air conditioner and furnace. My tenant reported that if she set the thermostat at 75F the system would cycle on and off as is normal. However, when she set the thermostat at 74F ...