Mikell Elliott
Tax Exemption for 1 year - Good or bad idea?
I currently work a full time job and plan to begin investing in real estate this year. A real estate investor from a certain real estate investment group (which charges $20,000 for a mentor lol) told me to go exempt f...
Jin Zhang
Questions about the 4 point system insurance inspection in Florida
Hi everyone, I am an out of state investors and am interested in investing in Florida. But I heard the insurance is very expensive and difficult to get sometimes. There is a 4 point system, including no more than 20 y...
Patrick M.
Is The Realtor I'm Dealing With Unethical/Sloppy, or Am I Wrong?
My last few weeks in a nutshell:1. Spot a REO good property on Zillow that is overpriced for local market.2. Call Realtor on website, ask to be shown property.3. Go and tour site, take some photos, ask some questions....
Brooks Rembert
Disagreement Between Husband and Wife on Loan Length
My wife and I are under contract to purchase our first "on purpose" rental property. We have a rental property in Northern Virginia, but that was due to a transfer and we chose not to sell in 2010 when things were sti...
Ben Lin
1031 tax question for partial exchange
Hi BP,I sold my property in CA for 755k and bought a property in Houston for 400k. Now, after months of trying I could not find another property to buy. So now I have a boot of 355k because I didn’t find anything else...
Bruce D. Kowal
Material Participation - an unexpected trap
As some readers of this Forum know, there are two types of participation for those seeking the use of real estate losses: Active Participation and Material Participation. For REI over a certain income limit, in orde...
William C.
Eviction notice - July's Rent??
Hello Pros. I have learned so much from you already by searching and reading within the forums, Thank you!However, I have gotten myself in a bind, and have to straight up ask for help on this issue.I bought a rental ...
Dan Powers
To Section 8 or Not to Section 8
Every rental investor always stresses about wanting the maximize cashflow, and the clear answer to that is Section 8. While on the surface of examining the rents in the most popular zip codes (19143, 19139, 19142) mig...
Account Closed
Lender Changed the Borrowers Name on Mortgage
Back in 1995 or so I informally assumed a mortgage. By "informally" I mean "subject to". The property was deeded to me and I started paying the mortgage. I got insurance consistent with the deed, and named the lend...
Bill Bell
Tenant Arbitrarily Paying Reduced Rent Per Claims of Excessive Electric Bills
I have an up/down rental where the upstairs tenant is responsible for the electric bill. Over the past two months, the electric usage has been high and they have been arbitrarily deducting from the rent payment wha...