Nick Choruby
Cash Rent, No Evidence - Red Flag?
Seller has 7 single family homes and wants 100k each. He claims the rents are all $1000 a month, but has never used leases, collects cash only, and won’t provide bank deposit statements or any form of evidence. Won’t ...
James H.
Texas Eviction for a New Purchase
Before I waste my time going down to the court to file...We are purchasing a home next week from a worn out landlord. It comes with an existing, problem, tenant who has not paid rent for a year. Can we file with the...
Nathan Shankles
In general what is the most profitable tenant demographic?
I currently own 2 properties: a duplex and a single family home. I’m looking to buy my next one and had this question come to my mind. In general, is there a specific demographic that is most profitable as tenants? If...
Michael Creamer
How to avoid personal income tax on rented 2nd home
I have a house that I have a mortgage on and it is listed in my name and I’m looking to find out information about how I can achieve better tax benefits for things like avoiding income tax for collecting rent and how ...
George P.
Lending private money to HM Lender in small chunks
Anybody ever lent a small chunk of money (~10k) to a HML Lender who in return will combine smaller loans and lend as a HM loan in 1st position.
What are the drawbacks? I can imagine that there is little to no protecti...
Sergio Guzman
Seller with HELOC only 4 years behind on payments
Hello all!
I recently run through a special case and wanted to hear your opinion on the deal.
I found a property in which the owner only carries a HELOC with USBank. Owner hasn't made any payments on the loan for 4 ...
Corben Briggs
Claiming residency on a 2nd home
Hey guys,I'm currently living in MA and investing in some STR's out of state. Had my eyes set on a NH for a little while now and wanted to see if anyone had any advice/insight on claiming a 2nd home / STR property in ...
Donald Eggers
Classic fix-and-flip in Portland, OR
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $546,000
Cash invested: $49,000
Sale price: $595,000
Classic fix and flip. We had 3 exit strategies, and ultima...
Lynnette E.
tenant charged with rape of a child under 13
I ALWAYS do a background check. I do NOT accept violent felonies, domestic violence, etc. So, now a tenant with SIX children in the home is arrested and charged with 3 counts for rape of a child. He is in jail with...
Jack Liu
Connecting with Phoenix Investors
Hello all! I am an out-of-state investor from California looking to buy some properties in the Phoenix market. I have been investing in Indianapolis for the past few years and would like to expand to a market with a b...