Diana Montieth
Airbnb a non permitted area
My mom has a studio apt off the back of her garage that she added years ago as an entrainment room/ guest suit. Now she is wanting to use this space as a source of income, however it is not permitted. The county requi...
Jatin Shah
Property Managers
Hey everyone, I'm looking into my first rental property and I will be using a property manager. However, I wanted to know what a fair deal would be? One of my relatives has hired a PM for their rental. They charge 10...
Brian Bower
Deal Analysis Portland Area triplex
I know you guys are gonna shoot me down but appreciate the feedback anyway...
SE portland Triplex
250k purchase price 5.1% interest with 20% down
rents currently $695 $675 $675
newer constru...
Kareena Sharma
1031 exchange converted to primary
Hi,This question is for a friend's mom. She completed 1031 exchange and converted 1031 property into primary residence, almost immediately after 1031 (one month). I know the rules that she should have used the propert...
Garrett Diegel
Help me define loan terms on private money.
We are in the process of closing on a short sale 3-plex. Hopefully we will have an approval by the end of September. My question now is how to correctly define the loan terms for our private money loan. I know there a...
Keno Powers
Can I use a security deposit toward a rent payment?
Hi. My tenant is moving out and is 2 months behind in their rent payments. Can I take the security deposit and pet deposit and use them toward paying off her outstanding balance after making any deductions from the se...
Austin Hughes
The Bible Tells me Don't Brag About Tomorrow
...but Lord willing, good things are coming.I got my first property under contract on a lease option today!Got advice not to do a lease option, and did a whole lot of research on the topic before deciding it was the b...
Daniel Harnsberger
Wholesaling an Occupied Home
Just thinking ahead...
What if I meet a seller with a free-and-clear property- still living in it- who wants to sell me their property? How do I show/sell the deal to investors in a wholesale situation if the seller ...
Eric Roloson
The path to MY FIRST deal
A hard money lender is the way to go in my case. I put addendum in the purchase agreement that it would be contingent on me getting the financing. The selller was ok with this. Rather than wait for HELOC and run out o...
Jason T.
Forbearance and Hard Money Loans
Does anyone know if hard money lenders care if an applicant is in a loan forbearance program? For example, if someone has forbearance program sin affect on existing Fannie Mae or Freddie Mac loans, will a hard money ...