William C
Cash Out Refinancing Help - Need Banks/Lenders
I own two investment properties free and clear, one in Scranton and one in Lancaster. I am looking for banks/lenders that meet this criteria in a cash-out refinancing for free and clear investment properties:
- LTV% ...
Stan Furman
Tenant despises owner after late payment eviction
Repeated texts to this tenant re: late rent got exceedingly frustrating. Tenant was warned of consequences and he texted "see you in court". He WILL lose.
But, now he's got a job and is paid up. Won't ...
YiBing T.
Montgomery County Maryland Eviction Process
Hello,We have a rental property in Gaithersburg MD, the tenant is refusing to pay rent. We have started the Failure to Pay Rent process, won the case, but as of today, the tenant is still living at the property. We ca...
Callum K.
Renters with Ferrets
Good morning,
I received an application for renters with ferrets and I am unfamiliar with the kind of impact ferrets have on homes. I know cats urine is bad for homes, and large (especially aggressive) dogs can be as...
Kai Sato-Franks
Buying a condo in Alaska
Hello! My girlfriend and I are currently in Fairbanks, AK while she finishes up her Master’s degree. We are planing to move out of the AK for a while and come back in time. We recently got approved for a grant that co...
Chris Trupiano
Am I running numbers correctly?
New investor here. I'm trying to do quick analysis for properties using mostly rules of thumb (50% rule, 1.5% purchase price for rent, ect.) I feel like I'm horriblely estimating them. I'm not sure if I'm using the ru...
Achi Adamit
Union City - good and bad areas
Like any place, there is always a "good" and "bad" areas. Of course, there are "decent" areas too.Interested in a property in Union City but I don't know if it is in a good area. Can someone tell me which are the good...
Joel Oh
Write off luxury car under STRs?
Hey guys, thinking about purchasing a car this year and wondering if it is possible to write off a luxury car for their STR expenses.My tax advisor said that I will need to prove this car was used for the business.I k...
Yinan Q.
Is my screening policy too strict?
Just bought our first rental property. It's a single family house and the prevailing rent would be around 1,300 to 1,400.
I ask the tenant to submitt 3 months bank statments, 3 months pay stubs, employer information,...
Ryan Dossey
Do you ever stop setting aside 35%?
I know the general rule of thumb is that you put aside 35% of your rental income for repairs/maintenance. Is there ever a point where you don't need to set it aside anymore? Common sense would tell me no because thing...