Account Closed
Am I thinking about the tax benefits of renting real estate correctly?
Question on rental income taxation:Thank you in advance if you can clarify if I am thinking about this right or not...-Assume I own a rental property in my LLC.-The property earns 2,000 in net rental income after payi...
Scott J.
Tenant always pays late, but takes excellent care of property
I have a SF rental with tenants that have been there for about a year and a half. It is a very nice family who takes absolutely immaculate care of the property. The carpet still looks brand new! The problem is that it...
Tony Marcelle
Private lender fraud
What is the easiest way to tell if a private lender is a fraud? I have one private lender who keeps contacting me about offering private loans. He says his name is Bryan Chambers from Chambers Financial located at Rat...
Dan Vleck
Tenant moving mid-lease
I have a tenant in Minnesota that has given 30-days notice. He informed me on August 8th that he'll be out of the house on Sept 15th because he bought a house. He is in a lease that goes until April 2018. Even if h...
Chris P.
Fix and Flip Funding - Does Gorilla Capital Program Work
So the program seems pretty simple to me especially for someone starting out with not much capital that would allow them to be part of a flip. Yes I know there are hard money lenders but this does not appear to be a ...
Joshua Andrews
Help Creating a NOTE
I am in the process of loaning my brother money in regards to a partnership between us to purchase rental property. I would like to have a NOTE in place at the minimum APR just so we have something on file should I wa...
Jennie Jones
Operating expenses for good deals
My husband and I want to purchase a 2nd rental property. We have been listening to the podcast and reading the books. It seems like the advice when running the calculators is to budget $100 per unit each for cap ex, m...
Amir B.
Buying a Quadplex without a real estate brokerage? Pros vs Cons
Hello,I found a quadplex fully rented for $2,400 monthly. The ask is $175,000. The seller is selling himself. I rather not pay the 3% commission either. I have never done this before. Any advice for or against doing t...
Catina Yates
Business to lease SFH with 1 year lease
Hello, does anyone have any experience renting a SFH to a business? The company advised they would lease for a year and prepay rent for the year (requested a discount). They will have the same 4 individuals in the hou...
Viral Mehta
Remote management - internationally
Hello, I currently live in California and have been successfully managing my multiple properties in the Frisco (Texas) area for the last 3 years. I plan to move back to India soon and was wondering if at all it would ...