Account Closed
The Real Estate Funnel
I've read several times about the idea of a real estate funnel: generate hundreds of leads, analyze a subset of those, make offers on a subset of those, and have a subset of those accepted. That makes total sense to m...
Jessica H.
Property Manager Fees & Income Tax
Hi everyone,This is my first year owning a rental property. My property manager shows fees like "posting & processing fees", "software", "showing the unit" in his financial statements. How should I handle these fo...
Richard McNeal
Do I need 30% equity to qualify for financing?
I just got off the phone with a lender who said I won't be able to get (traditional) financing anywhere unless I sell my house.I have one rental property with about 10% equity. I'm currently living in a property with ...
Henry Clark
Self Storage- Marketing- 2024 review
Taking a break from working on our 2024 bookkeeping and taxes. All of our self-storage run at basically 100% occupancy except for our most recent addition. Was just going over with my wife both the increase in Occup...
Allison T.
Note fund return vs interest rate
Hi I am looking to invest in note fund, but have a general question on how interest rate might impact the future return of a similar note fund. Assuming the current note fund I am looking to invest has x% return and h...
Terre B.
Help with what I'm missing on a property.
There is a MF property that caught my eye, and it's been on the market 9 months or so. I keep looking at it, wondering why. it doesn't fit what I need atm, since I'm looking for a 4 unit max to FHA. But I look at ev...
Mike P.
Would you do this Sub2 deal?
This is a 3 bedroom 2 bath house 15 minutes from my house and in a C+ neighborhood. It's currently rented for $925 and I'd keep them in place. The financing is $59,000 for 20 years, the escrowed payments are $660, tha...
Joshua Hollandsworth
Should I allow tenant to pay with cashier's check?
A potential tenant applied to stay in my boarding house. He said he works in GA and NY. He wants to open another branch in Cleveland and wants to rent one of my rooms. I assume that he travels and doesn't care to pay...
Johann Jells
Can anyone explain this cap rate calculation methodology?
This was part of our new assessment on a >4U multi. I can't figure out why they have anything about mortgages in their cap rate calc, I thought cap rate was on a cash deal, where you got it was your business. They ...
Gary Parker
Seller Tax Implications
I will potentially be purchasing a property sub2 the existing mortgage of $92,000.00, property worth $125K as is, seller says depreciated to $0, I will give a $10K note balloon due 10 years @ 0% interest and $100 ...