Paul Hoeppner
Keep renting or sell?
Thanks for reading this post!I purchased a condo in October of 2009 for $115,000 as my primary residence in Las Vegas.December 26th, 2012, I did an FHA streamline to lower my interest rate to 3.75%, however, the PMI i...
Chris Hu
First Accountant Just Fired Me - Is this normal?
I bought a STR in 2021 and bought one of those real estate tax education packages that included a referral to a CPA that was supposed to be an expert in the strategies used (For an upgraded package of $600). I engaged...
Donald Mitema
Multifamily Property/Landlord Insurance
Looking to dive into our first multifamily property via an LLC. Got a ridiculous quote from my current homeowner carrier (State Farm) for $10K annually (seller is currently paying about $2800 annually). $10K will cert...
Evan O'Brien
Bookkeeping & Tracking Expenses
When managing the finances that are associated with Real Estate Investing, what types of expenses should be tracked on a monthly basis? And based upon the amount of rentals you have in your portfolio, would it be bett...
Corbin Lane
Does Principal Reduction affect Capital Gains calculation?
During the 08 crisis I qualified for a HAMP loan mod that included a large principal reduction as my home was 50% below purchase price. I also had filed bankruptcy around the same time, and later found out that the le...
Matt McElravy
Advice for creative financing for down payment of Owner Carry
A friend of ours is moving to Hawaii and wants to sell us their 56 acre property that includes a business that generates $220K annual gross revenue (about $100K Net). They are asking for 1 million dollars. They will...
Jason Lemus
Thinking of buying a condo to rent out short term
I want to buy a condo to rent short term, any pointers or down side to buying a condo ?
Arjun P.
Tenant Eviction in Minneapolis
Hi There, I am new in real estate investment. I have a tenant who hasn't paid rent for 3 months, however she has given me last month rent and damage deposit (1 month rent). She had a month to month lease and still has...
Vaheh Takhmazyan
STR with River access in property
Our property resides on a 2.5 acre land with the river running through the backyard in California. Before going to a attorney and asking them, what should I be aware of, any cautionary advice? Ill place a “swim at you...
Sarah D.
How's your IKEA kitchen holding up?
Hi all,I know a lot of people have used IKEA kitchen for flips and rentals over the last couple of years. For those that have, how are they holding up 1-2 years later? Especially if they are in a rental, I'd love to...