We are in the process of changing one window (due to rotten frames) of our rental Quadruplex built in 1986. After removing the window, the tenant started raising concerns of exposure to Asbestos (tenant claims to be a...
Should I buy a commercial property in New Windsor NY? Here are the details: -3 tenants, of which 2 of the tenants occupy multiple offices. The kitchen remodeling store occupies units 101 and 102. Hair salon occupies...
Hi,
I am aware that acquiring a -ve cash flowing property is a BAD idea. Also aware that we shouldn't be looking at 1. appreciation and 2. tax benefits as an answer to offset a -ve cash flowing investment.
1. I am ...
One of my lease option tenant/buyers informed me today that he will be moving to Korea in 3 weeks per his Army orders and referenced the soldiers sailors act as a way to break his lease.I understand that I must let hi...
Hey everyone! I am a super newb that is currently getting ready to buy into multi family units. Hopefully this isn’t a naive question but in all of my research on this topic I have come up empty. My question is, have ...
I need some input regarding a Self Directed IRA. If I bought a mobile home or other property through that IRA and collected the lease payments from a lease purchase agreement and paid the federal and state taxes woul...
I just read "Walking the Tightrope between Debt and Leverage" by @Anthony Gayden where he talks about an impressive dig out from crushing debt. What I found interesting was that when he married his wife, she brought $...
Say, I purchase a small distressed apartment complex for 500k that is valued at 600k. I renovate the apartment using an equity line (Is this a good idea, in terms of the source of funds?) My goal is to renovate the ap...
What would you do if you received a 1.25 mil inheritance?? Details- You are 37, married, and have no kids. You already own 3 rental properties and have a fully paid off primary home. ... asking for a friend 😉
I inherited my home of 60yrs and it is a total gut to the studs/$200,000 job. I have a contractor but need an architect who will do what I want, not what they want done to my asset. I live there in a beautiful habita...