After going through lots of time of miscalculation of owner statement and other issues with the property management, I gave 30 days notice to the property management.I requested the entire files of the tenants ( the f...
Are people here still having success with credit screening services like NTN?
I did not do a credit check a year ago with my first rental and got lucky with good tenants, but now after reading some of the stories her...
My partner and I are looking to scale our business and look at buying some deals from sheriff sales in our areas. We are trying to line all our ducks in a row and make sure that we aren't missing something when it com...
Hi All,I have signed a purchase and sales agreement for Bank Owned property and my rate with bank is locked and got expired on 10/16/2015.For extending the locking rate mortgage company is asking $140 for week and I a...
I'm purchasing a 40 unit apartment building (2 buildings of 20 units each). Each building has only one water meter. The current owner pays all water, which runs at $1500-2000/mo. RUBS for gas, all separately metere...
We just bought our first multifamily and closed on the property on 12/31/2018. This may be a silly question but do we need to prepare taxes for this investment for 2018?We hired an experienced third party property ma...
Our company has 16 properties within 10 LLCS. We have been using a desktop version of quickbooks and each entity had its own file. Generally there are not many transactions but each has its own bank account and some...
Hi there,
I'm looking for advice on how to secure a mortgage for an investment property with a foreclosure on my credit report from 2011.
I have an fha loan for an owner occupied two family I purchased last year. I ha...
Current situation: I have a HELOC I used to purchase an investment property. Every year I report the interest from the HELOC on the schedule E for the investment property. Easy and simple.Potential situation: My home'...
I am under contract to buy a 4650 sq ft office building near Houston. The building was built in the early 1980s. The roof is a flat bituminous one (original). The general inspector reported more serious concerns with ...