My buddy told me he bought a camper and is able to write off the interest because it’s a “second home”…Which got me thinking…. Can I buy a sailboat as a second home, and write off the interest if it has a cabin? What ...
Hi all:I was hoping to raise the rent on my income property but I have never done so previously. Tenant has been there almost 2 years. I was wondering what is the maximum I can raise the rent on a month-to-month agr...
A very fortunate and unique problem. I live on an acre and we built a nice apartment on the land and currently live in it while the main residence is being built. When the primary residence is completed we will move...
Hey all! Just last night I took the plunge and posted my very first rental listing. I've spent weeks reading and preparing for the tenant screening process ahead and right off the bat the first response I get is as fo...
Has anyone ventured in the area of senior housing? I've seen a few deals but I noticed the rents are restricted and most of the mortgages are assumable. Has anyone done any of these deals? Anything to look out for?
I'm working on getting my first property under contract, and I would really appreciate advice on whether my plan would be violating the terms of the mortgage.PROPERTY & LOAN INFO:-Conventional Loan for a Primary R...
I have a four plex one of my tenants I believe moved her boyfriend in. His car is there a lot and he will come and go while she is at work. My question is should I ask and have him sign a lease or should it even be a ...
I am going to share my journey building my 16 bedroom assisted living property in Iowa. This will be my first time going into assisted living care. It took me a long time to get this deal done approximately 1.5 year...
I live in California and have property in Austin. I would love advice on whether I should add my properties to my trust; I've heard there are some states that don't recommend that. I would also highly appreciate Tru...
I have a property that i own I want to make a boarding home, does anyone have any tips or suggestions in this business?