Hi there, I am rehabbing my first (personal) home - a 1940s BEAST! I've done one major renovation in the past on a rental I owned after a flood. I can swing a hammer and am doing some of the work myself and with quali...
Hello
I have a tenant in one of my properties that is unable to pay his rent due to loss of his job almost 2 years ago. The property is in Washington State and evicting a tenant is very difficult. The first step is...
I'm not sure how to design this business partnership. Scenario: 2 deeded properties that abut one another that share a driveway with a 14 car parking lot (the parking lot is split in the middle, but the driveway is n...
Hello everyone, my name is Derek Caldwell. I have some questions on how I need to structure myself to begin investing in the market. I am in Utah and was wondering what critical things I need to have in place before s...
I have a property being offered to me at a great price and another investor that I'm friends with wants to go in on the property to set it up as a rooming house. It is zoned as a commercial "Inn / Lodge" but has not ...
Hello Everyone, so I have one fourplex and looking to close on another one in a month. Started my purchasing process in March after listening to podcasts and audible books from Dec to Feb. One of the things that @Davi...
Hi,Im in the process of closing on my first deal and will try out managing the property myself for the first year. What software do people use to manage the bookkeeping? Excel? Quickbooks? Or is there some other prog...
Hi, I am starting an LLC here in Oregon because the outfit I will get my first financing from will only loan to an entity. I plan to file a simple LLC, I've seen the articles of organization form, its pretty simple...
Hello BP
When looking for a conventional mortgage from a local bank, would you bring Comps with you? I am still working to purchase my first investment and when talking with the lender it seems like it could reduce th...
Investment Info:
Condo buy & hold investment.
Purchase price: $174,990
Cash invested: $46,000
Apartment / condo 1b/1b purchased across street from NAU. Purchased for daughter to live in during co...