Account Closed
Pulling equity out of rental property to buy personal residence?
My fiancé and I have decided that we eventually want to own our own home within the next 5 years. I know the whole a home is not an asset argument, and I agree. But it would be better for our particular situation. Whe...
Robert Johnston
Seeking CPA in Delaware for multi-state returns
Seeking the services of a CPA for the first time to prepare and file individual returns. I have multi-state residency and income in 2017 (Delaware and Maryland) in addition to a new rental property (Located in Maryla...
Joshua Hively
Why are the taxes so high on this property in Columbus?
There is a property in Columbus that I am interested in, but I can’t figure out why the taxes are so high. For example, I am currently in contract on a $280k duplex in the city and the taxes are around $4.5k a year. T...
Michael Mullins
Found a deal, I think [Calc Review] Help me analyze this deal
Hello everyone, Thank you for looking this over. I've found a 3/2/2 in the killeen TX area that doesn't need much in repair. Paint insideFrig / stove/ dishwasherI've padded the repairs in case something comes up.I use...
Peter Morgan
My tenant is pissed off because I witheld former tenant's deposit
I had two tenants from two different units and I live in the third unit.Both the tenants developed great friendship among themselves and ocassionsly used to party around. I liked their camaraderie, what more can I exp...
William Silva
Picking up New Listings
Hello BP,Hope you're all having a wonderful start to your new years. In this new year, I plan on obtaining more listings.When I first got my license several years back, I believe I was using Mojo and would dial out ho...
Amby Bhagtani
Fire in the building
I have a tenant who is already late on his payments but he was smoking in the property and caused a fire. The total damage is close to 5k. The property manager informed me 3 days late and said that he doesn't have ren...
Robert Jensen
Legalizing an Illegal Addition in Sacramento
How can one make an illegal unit, legal? Has anyone gone through the process? Looking to buy a house in Sacramento that has 600 sq feet of illegal added additions. They look professionally done -- match the existing h...
Mark Esperti
Buying a 3 Family with a non-permitted 4th Unit - Central Massachusetts
I have a 3 family under contract in central, MA. This is an off-market deal. The property has been in the same family for 30+ years and has been well maintained. The owner built a 1 bed apartment in the basement ne...
Chris Nerio
1st Rental Purchase Using Commercial Loan
Hey everyone, I'm looking to purchase a 4 unit property. I have an LLC set up and was approved a commercial loan with the following terms:- 20% down- 5.25%- 20 year ammortization- 3 year fixed at 5.25% and then I have...