Hello Everyone, I purchased my second home in June and used the VA Loan for the first time. Now I'm receiving endless letters from lenders advertising the VA IRRL. The rates are attractive but I'm wondering if any of ...
Anyone ever exchanged rent payment/cost for maintenence services on a property?My scenario:Mr. Tenant seems to always have some excuse that makes him late (almost 30 days each time). I've started the eviction process ...
A tenant of mine expressed her desire to sign a 5-year rental agreement/renewal. She has been a good tenant for a year. She is also asking for the rent to be reduced.
Is there a guide on how much the rent should be r...
My tenants have rented the property for 2.5 years and have always been good tenants. I rent the property about at market rent, i don’t include certain utilities in the rent cost (water, electric, gas), i have laundry ...
Hello, thank you for some sound advise. I'm recently divorced and trying to rebuild my personal and financial life. I need to payoff my credit card debt as it holds the key for me to be able to invest in RE. I'm finan...
Hello - A tenant in a property within my IRA/LLC is going to purchase a garage door opener to replace a failed one. 50 bucks. Can I let that transpire, and reduce that cost from her rent? Seems fine but I want to c...
In general should I reduce next month's rent if I owe a tenant for expenses they incurred or should I write them a check? I am thinking of record keeping and tax implications.
Hello Everyone,
I bought a home back in January 2024 using my FHA loan and I received a call from Atlantic Capital Funding saying that I could FHA streamline (interest reduction) from my 6.625% to 5.7% and could even...
Hi All,I am learning about owner financing and one of the question I have right now is "how does the tax reduction works in the owner financing". A normal mortgage company mails a IRS Form 1098 on the interest we pay....
I have a $399K home for sale. Several agents have told me that it is a good price, but because it has an in-law suite it is going to be the right house for just a limited number of people. I would like to get a chu...