I have been thinking about setting up a new account specific for my duplex. A checking account for rental income/paying the mortgage, and then a savings account to cover any maintenance or repairs. Does anyone have an...
Hey everyone - new investor with some basic questions. I know this probably sounds pretty elementary, thanks anyways!
I have one rental property that was purchased with a VA loan and was my primary residence for 15 m...
Bank note for 22MM, bank is wanting to sell for 8MM. Has a negative cash flow right now.
398 Units, 1,2 and 3. New roofs in 2004. Updated units 1998 and 2003-04.
Rents are below market rents. Complex's nearby ha...
Hiare there any laws/ standard around when the property management company should pay the landlord the rent collected.my property manger gives me rent deposited a month after tenant has paid. Reason said is they do ac...
Hello everyone,
I am currently working through a challenging financial situation. I have high-interest debt with a 28% APR that I need to pay off before focusing on saving for a home with my current income . To addre...
Scenario - Orange County Condo selling for $340k. Worth probably $380k-$400k
Short sale.
Motivated seller
VERY desirable neighborhood
How much in percentage do you normally offer?
Like 5% lower? 10%?
Does $315k soun...
Hiusing a 100K property as an example (turnkey), with a 25 year loan, 76K, 5.6% p.a. that would mean the first year roughly 4K interest, and the depreciation would be 100k/27.5=3.6K, so total 7.6K - 630 USD/month.Now ...
Hi all, I could use some advice on how best to track my income/expenses from RE investments in a way that will facilitate tax return prep by my CPA, but which is not unduly time-consuming or tedious. I'm still a novi...
Is it a good deal to get a duplex (for the purpose of house hacking) if you paying small amount from your pocket every month to cover all the costs?
Dear BP Members,We installed a ceiling heater and exhaust fans for a small bathroom for our rental property. There is no heat source in the bathroom. That is why we took the suggestion from our contractor. However, we...