Calvin Pickard
Rent question; 3 apartment house owned by 4 people.
I own 25% of a 3 apartment house, the other 75% is equally owned by three of my relatives (4 of us each own 25%). The house is fully paid for and currently is fully rented out (none of my relatives live there). The th...
Clinton Straub
Mortgage broker for Philadelphia, PA, You use and trust?
Hi,I received a quote from a lender but closing cost were close to 10%I dont think this is normal.Thanks for your helpClinton
Account Closed
CD's used as collateral for flipping
I spoke to a local lender who told me that cd's could be collateralized for loans of 80% total ARV. With the cd as collateral they will quick cut checks for the re-hab per your own draw schedule. This was exciting to...
Kristi B Leonard
30 day notice
Can I give a tenant written 30 day notice on June 1 (in person or taped to the door) for move-out on June 30? Or does it have to be given before June 1? I'm in AZ.Background: I closed on this 5plex May 10. Sent cer...
John Schnyderite
Buying a property in bankruptcy
There is a property on MLS I have seen which apparently has a trustee handling negotiations. The home needs some work, but we are interested in bidding on it.
In researching this type of sale, I read elsewhe...
Dawit Araia
Two questions
it's been a little while, and I have two questions. 1. I saw that a property went into preforeclosure and was wondering how to find out why it is and how much is owed before I approach the owner.2. Does anybody know h...
Douglas N.
Starting first rehab at the end of the month
Hello all. This is my first post.I'm buying a property in Riverdale Park in MD. Good location. Easy access to the Metro (subway), Washington , DC, Shopping and the University of Maryland. New development close by....
Aaron Holloway
Real estate tax advisor
Hi everyone,
I am looking for a tax accountant/advisor that's familiar with real estate investments. I live in California and have a property in Philadelphia and I am about to acquire a property in Portland. Any reco...
Brenda Norris
Tenant didn't live up to her part of discounted rental agreement
We all already know that I should never have agreed to give tenant discount on Rent in exchange for certain maintenance and repairs. What is done is done, got her out and now I am writing up damage details to send in ...
Thomas Summers
Boiler broke down, should I replace or repair? Rewire the house?
Hello, bought my first house recently. Planning to keep for long term, will live in it and rent it out in a few months. The house has old wiring (no grounds), radiant heat system using a natural gas boiler. The breake...