Mark Bosworth
Help - REO Negotiation with Chase
Hi All,I'm in the process of buying an REO from Chase. After waiting a month and a half they have finally gotten their contract to me. In the contract, they have crossed out all of the normal fees that the seller us...
Jeffrey Chang
What to deduct from security deposit when tenant moves out?
Hello.I am a newbie with rental properties and currently have a few.I am uncertain what is considered a normal wear and tear when tenant moves out.My lease states tenant should leave the property in "ready to move in"...
Dimitra Manou
Luxury property/How can I be sure if it's a deal?
Normally, I wholesale ugly properties. But for luxury ones, how can I be sure if it's a deal? What are the numbers?
Jon S.
Sears has a great appliance sale going on... I saved a bunch!
Just a heads up that Sears is doing an awesome appliance sale. Last night I ordered my appliances for my triplex which is positioned to compete with luxury apartments nearby. One way I am doing that is by buying nicer...
Claudia Schmidt
Which items does a landlord repair & wear-and-tear of tenants?
1) Can anyone please help me determine what is normally a landlord's responsibility in terms of maintenance of a rental property?
2) And what are the items that should be repaired by the tenant through regular wear-a...
Nich J.
Owner selling Investment Property is Agent
I found an owner of a tri-plex that may be interested in selling off market, they also happen to be an agent. Are there any advantages or disadvantages to working with them on the purchase instead of using my agent?
Keilon Morton
Hard Money terms for partnership
I am looking to secure my first tax sale and need another investor to go in on the deal. What are some terms that would appeal to an investor? I've never had to use hard money before, so I am not sure what type of con...
Adah N.
Lease Language To Make Tenants Pay To Refresh Paint
It is quite expensive to paint. About to spend $2500 for labor and materials to repaint a 1400 sqft townhouse. BTW this is a competitive deal for my area. Yes, we self manage. No, we refuse to do any of the work. Th...
Paul D.
How does a mortgage company look at depreciation?
Hello!Normally, on my taxes, I try to break even or make a little profit BEFORE applying depreciation to the property.I recently applied for my 6th mortgage, and the loan officer significantly lowered my buying power ...
Raul Velazquez Jr
Closing on first rental next week.
As the title says I will be closing on my first property next week friday. I have yet to get my final numbers (closing and downpayment totals) from the loan company. I was told that they should have it to me no later ...