If you bought an REO property (to be used as a rental) that needed substantial repairs and the market value is higher than what you paid for it, how do you determine the basis for federal taxes?
I have been told vari...
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Hello all!I've been working on the "next generation" of mobile homes using tiny houses. Even though small living is not new and mobile living structures are not new, tiny houses create some confusion with cities and c...
So two weeks ago I bought about 250 leads for potential motivated sellers so far I’m on lead number 93. I’m not even half way through my list and i realized it’s not that i fear rejection over the phone, I fear the mo...
I'm working on my Florida lease and trying to figure out how to have generic statement in the lease that would allow for rent payment options such as direct deposit / ACH transfer / online payment (Cozy, erentpayment...
Hi everyone. My name's Peter Kandra. I've been monitoring the forums here for a few weeks now and find a world of info available. I've been purchasing SFR in the Trenton, NJ area for almost 3 years now. I currentl...
Hi Everyone,I am hoping that there is someone with experience who can help me out. I currently have one rental property (in the middle of buying my second right now), and have some questions about bookkeeping. My ques...
Still working on getting my first deal and I know I've read and heard that you should always pay yourself first when taking your monthly income from tenants but how do you do it without getting nervous? I know how to...
Hi folks, I have a DTI of around 30% and I'm wondering if the higher your DTI the lower of a mortgage you'll be able to qualify for? For instance if I were to be right at the upper DTI limit for a given lender, would ...
Hi everbody,my husband and I are just starting in Real Estate business. Our 1st tenants we have inherited as we purchased our 1st investment property over a year ago. In 2 days we are closing on our 2nd investment pro...