Michaela Manco
First deal finally closed - FHA Mixed Use House Hack
So, after what seems like an eternity, my first deal finally saw a closing table this week. It's a 3 unit (2 residential, 1 commercial) mixed use property that was purchased with an FHA loan. The commercial space was ...
Diamond Nicole
First time landlords please help!
Having a problem. We did an initial walk through of an old mobile home and all seemed fine. They paid deposit and first month rent today and they are not moving in till March 27th but keys have been handed over since ...
Chris Lucas
LLC versus no LLC, Mortgages with LLCs, etc.
Hi, everyone!First post alert!I am looking to do my first two deals simultaneously (one 4-plex, one duplex, same town) and would like some advice on a few items. Ultimately, I will be talking with a CPA to discuss str...
Kelsey Illuzzi
Just purchased first duplex. What info do I need from tenants?
Hi there. I'm new here and new to the world of of real estate. We are very excited to learn as much as we can! My fiance and I purchased our first house last Friday. It is a duplex that is currently occupied on one si...
Richard H.
Prop management company full rent collection
Hi, I have a property managent company for a property I recently purchased in MA. 1 month in, one tenant is $100 short on rent. My initial thought was to ask the property manager to charge the late fee as well as take...
Account Closed
Starting to take on investors
I've found a niche here that's really worked for me and have started taking on investors. Do you think that I should just let the word travel by my current investors telling other people or go out and tell people myse...
Jim T.
California Rent Gouging Laws
In late 2017, Governor declared a few counties in California "Disaster Areas" and CPC 396 comes into play forbidding rent increases exceeding 10% for the 30 days after the declaration. According to CPC 396, it can be ...
Reid Smith
% Repairs/Maintenance before OR after Vacancy%
I am evaluating a couple STR/Hospitality deals and trying to utilize the calculator and realizing that my expenses might be a bit off due to the percentage of my Repairs/Maintenance Operating Expense coming out of the...
Sean Dawson
HELOC vs Cash Out Financing For First Time Investor
I am a first time investor looking to use the BRRRR method out of state. I have 100% equity in my home to the tune of about $450k. Should I do a HELOC to purchase my first investment property or should I look to take ...
Andrew Ralston
Interest only loans?
Does anyone have any experience with interest only loans for home purchase?