Hi guys!!!We are about 2.5 years in on our buy and hold RE journey and currently under contract on units 5 & 6!!! When we bought our first 2 units (a duplex) I opened a checking account and 2 savings accounts for ...

As far as I have read this is a state-by-state law so I am ONLY talking about California here. On line D of chapter 49.2 it states that, “Nothing in this Chapter shall preclude a landlord from exercising his or her di...

Hi Everyone,

I am new to the landlord business....and I've been doing a lot of research in the past few days to get ready. I've compiled a list of steps that I need to do before I find tenants, and I wanted t...

So I have 3 applicants (a brother and 2 sisters) who don't work but get SSI disability income. Rent for my property is $850/mo, and I am requiring 3x the monthly income, which is $2550/mo in income. Combining all 3...

Hi All,
I am about to purchase a 2-unit property in Chicago for 100k. It is an REO so I am not getting good responses from the seller. Here is my concern:
The property is already rented. 
a. The seller says one of ...

Don´t know if this the correct forum here, but I want to know how high can I get a tax depreciation for this year (2010) when I buy an house this month for only $5k for a fix and flip in May 2011?
Thanks.

-Uwe

Several years go, we bought a condo as a husband and wife and later moved it into an LLC as an investment property.  Can we refinance an investment condo?  I've heard it both ways.  We paid $339k, we owe $85k, and we ...

Hey guys

For renter insurance, what type of coverage its need to be , please help me with that, i should send my tenant email and i want to tell her what ot include and for what coverage amounts
as liability and m...

Hi All,I was hoping someone could help me out with the following question. I am in escrow and have talked it over with my parents to obtain a mortgage from them for my condo.  Can someone point me to the right directi...

I picked up the winning bid at a tax sale a few weeks back. Close to 50 properties were sold that day. It will be a fix/flip. The house has good bones on a very good block. I should gross close to 100k when it's sold....