Levi T.
Why you need an LLC on your properties.
I've been in this business for years and years, hundreds of units and untold thousands of tenants later, someone finally filed a lawsuit against us for their deposit not being returned.The story is the tenant was inhe...
John Carbone
Bonus depreciation for STR Material Participation
Has anyone filed taxes yet as a W-2 employee who owns only STR, rents for on average less than 7 days per rental (STR), and materially participates (usually requires 100 hours or more in a year and more than anyone el...
Ihe O.
I am a Hood Landlord
Not only that I rent to people that most people here would disqualify on grounds of credit history. In fact I don't know the credit history of any of my tenants - never checked it.Yes I check stuff, yes I have ground...
Brian Beck
This is a long one, but help would be appreciated...
I'm new to the site and will explain the dilemma/opportunity that I am in. I want to see if anyone has even come near to the situation I'm in and if you have any advice. I was a person with semi decent credit and no m...
Mark P.
Looking for Opinions: Hold or Sell?
So I purchased a home in Philadelphia, PA in August 2011 for $199k with a FHA loan at 3.75%. The mortgage payment was $1265 initially and now since it's my rental property, I am renting it for $1400/month, but have $...
Aubrey P.
Help with ideas to finance the purchase of a new house
Hi, this is a pretty basic question, but having a variety of options would be helpful. I own a row house close to the capitol in Washington DC on Capitol Hill that has $130,000 left on a 15 year note at 2.875%. It has...
Jack Tou
Collection agency or attorney for non-paying tenant
Hi all, new to the community here and thanks in advance for any advice. My family got into commercial real estate 2 years ago with a small retail shop. The existing tenant has been a real PITA. We've tried to work wi...
Account Closed
Critique my plan going forward
Good afternoon,I have made numerous financial mistakes and I'm tired of it. I want real estate to be part of my investment portfolio and I think I have an interesting way to do it... Please critique my plan.I currentl...
Adam Mangrum
Newbie from SLC, UT - seeking advice on whether to sell our home.
Hi everyone! I'm not sure which place would be best to post this so I'm posting this here and in the introduction section (this is my first post). I apologize for the length but I wanted to give a lot of background to...
Tim F.
Investment Financing - What would YOU do if you were me?
Hello all, I am new to the business and very eager to get started. I have been doing much research and I really want to get into the game, however I am not sure how to fund a rental. I live in Northern Virginia where ...