Dorian Moran
Pro & Con of Renting my house out vs airbnb in Frisco Tx
Im interested in renting my house out or going with the Airbnb approach. Looking for advice on which strategy would work best.
Parker Maher
HELOC vs Home Equity Loan
Hi community,I am looking to get a HELOC or home equity loan. I most often hear about HELOC's so I think that's the best option since it's revolving, however, potentially more risky without the fixed rate.When it come...
Nate Rohlf
Elderly Parent and Govt ability to take home for nursing home
Hello all,I'm currently in the process of going in on the purchase of a home for my mother in the state of either Iowa or Nebraska. My brothers and sisters are wanting to purchase a home for our 65 yr/old mother. ...
Greg Cannon
Mortgage written off?
Firstly, i want sure if this is the proper forum to ask this question.Also, please pardon my ignorance with regard to these topics, I've only purchased 1 home so far, and am trying to assist my wife and her father.My ...
Carlos Santiago
What to do about bad neighbors...
Does anyone have any suggestions to deal with the following situation: We have a rental house (in a decent neighborhood). Next door is a run-down 4-plex (1 bedroom units). We've owned our house for 4 years and just...
Steven Payne
Evicting a tenant after tax deed auction
Need help with a unique situation. I bought a property from a tax deed auction on Tuesday and the next day I received a call from the police department asking if I was planning on evicting the current tenants. The ori...
Tory Sheffer
Cost Segregation Study for Taxes
We just completed taxes for 2020 and with cost segregation study for one property we were able to write off $640k in depreciation for 2020. We paid $1.97M for this property and closed in 4th Qtr 2020. With our structu...
Judy Parker
Landlord's Rights Being Violated
The landlord-tenant world changed last night. The US Senate’s COVID-19 bill changed the landlord’s rights. That bill, passed last night, affects landlords that have federally insured (or “backed”) mortgage loans. T...
KJ L.
Strategy to purchase and flip property in Los Angeles
Hey BP, So I live in Los Angeles, land of Rent Control.. There are rent control buildings that have hit the market and they sit for a really long time because either the seller doesnt want to the reduce the price enou...
Mark Forest
Is positive cash flow possible?
After you pay the 50% operating expenses and principal/interest on your mortgage debts do many of you still manage to have positive cash flow or are you all hoping the property will just appreciate?
Here is a test f...