Michael King
Tax Question for Commercial Line of Credit
I'm back again with another tax question for the CPAs here. I'm under contract for a 4 plex for $320K. I don't have the 20% downpayment, so the bank is financing me a $100K commercial line of credit against a rental t...
Chad Fernendaz
Doing very little work on a flip?
As I was browsing the MLS looking for deals it suddenly came to me, and this bight light bulb started shining inside my head with this amazing idea. Instead of buying ugly houses that need tens of thousands of dollar...
Bella Butler
Off-market big multi-family
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Off-market big multi families of 4 units.
What made you interested in investing in this type of deal?
In a great locat...
Stephanie St. Germain
Reliable cleaners for STR
Hi! I just purchased my first investment property in Fletcher, NC (about 20 min outside Asheville) which I plan to use as a short term rental. I am not ready to list the property but know how important finding a good ...
Account Closed
Quickest turnaround to replace carpet, refresh paint, deep clean?
Hello BP - a little background scenario. Then I'd love to hear your stories (successful, not so successful, amusing, other). I've got a move out date of July 17th for current tenant, new tenant signed lease to move in...
Deborah Burian
Due Diligence - it's all true
Everything I've read here in the last month about due diligence on a multi-unit. It's all true. The maintenance is worse than reported, the utilities are more than reported. The vacancies are twice what was reporte...
Charlie Anne
Calling all laundromat owners!
How do laundromats cash flow vs real estate?Please tell us your success stories and failures. P.S. Is it doing ok during COVID? Any advice?
Carlo Con
Schedule E income...what expenses to include/exclude for new loan
I would like to qualify for a new home loan. I spoke to 3 different home loan officers and they have given me different information each time. Here's my scenario.I bought my house in 2016 and started renting it out ...
Loren Thomas
How passive are rentals with a property management company?
Hello
I'm brand new to real estate investing. I am a partner in a business that has a very strong monthly cash flow and I'm looking to use that cash to acquire multi unit rentals. The main issue I have is my lack of ...
Neil Hunter
Advice on how to handle house cleaning after tenant turnover
My current tenant is about to move out, and I'm not sure how to go about the move out process. The tenant before him broke his lease early so I just kept his security deposit, and had someone professionally clean the ...