Khoi Nguyen
Rental Income Tax - 250k SFH and ROI of 4.8%
After doing analysis on a 250k SFH, we find out that the Monthly Cash Flow will be $200, yielding a Cash on Cash Return on 4.8%.
I do think tax will be a decisive factor (Depreciation, and all) when buying a property...
Michael Antinucci
Tenant has sign a new lease elsewhere but will not vacate
We have a tenant whose lease ended on Aug 31st. They have not paid rent for Aug and now Sept. They have signed a lease on another place but are taking their time to vacate the property stopping me from renting the ...
Evan Lieb
Advice for buying vs. renting in my situation
*Mods, please let me know if this is the wrong forum* To summarize my situation; I’m getting a divorce and could move anywhere but I’d like to move myself into a better school district for my two kids. Their mom has a...
Luis Rodriguez
When Airbnb Stops Making Sense
If you don’t live under a rock, you’ve heard about Miami’s meteoric rise in rental prices over the last year. According to a recent RentCafe
article, “Miami-Dade County is now the hottest rental market in the nation...
Jason Smith
IRS lien AFTER foreclosure
After going under contract with auction.com on a property we found out that the IRS has placed a lien on the home we are purchasing in Texas. Does anyone have any experience with IRS liens? What we're trying to det...
Stefani Gillenwater
Norfolk, VA Multifamily Market Understanding
My husband and I are trying to learn more about our local market with respect to small and medium multifamily properties. Would anyone be able to shed some light on the following questions:1. What is local market CA...
Mike Zamolo
Buying an investment property in cash and then adding a mortgage later
I'm in the process of trying to purchase a rental property and wanted ask about adding a mortgage to a property later. In a perfect world, I would pay all cash for the property now and then maybe a year or two later i...
Maxwell Ventura
State Level Tax Question San Diego & Hawaii
Asking for a friend who's primary residence is here in San Diego and owns a 2nd home / vacation property in HawaiiHis tenant in Hawaii wants to buy their house from them — He has cash and is offering $390,000. They bo...
Arnie Guida
Do Your Tenants Give You Homemade Fudge?
Went to pick up the rent and there was a little basket with my name on it on top of the rent check. Inside was some homemade fudge, How cool!This makes me think of my Father. My Parents bought their 4plex in '66, whic...
George P.
Rent increase - how much do you think is appropriate ?
I am preparing a rent increase letter, and figured that I will increase by 3% (currently $1500/mo).
I know large complexes (especially those run by REITs) usually increase by a round number of $100 on a $1500-1600/mo ...