Alex Scotte
how to handle rent with COVID-19 pandemic
How will you all be handling the situation if your tenants come to you saying they cannot make this month's rent due to COVID-19? Either if they have had reduced wages because they can't work, have a loved one who is ...
Alex Ni
How to find someone to assume my fha mortgage( House hacking)
Hey, Guys.I just bought my house for 175k in tampa florida with 3.5% down with FHA loan and I have 3 roommate who’s staying there to cover my mortgage. Now for some reason I can’t be in that house that ofter and it’s ...
Bill Higginbotham
Commercial loan re fi to pay off residential properties?
In need of advice.I have built up quite a bit of equity in a commercial building loan. I am considering re financing to cash out and pay off 10 residential loans. Reason would be to not carry property insurance on the...
Shervin Mirdamadi
Write offs and qualifying for a loan
This question pertains to an investor who has limited income on w2. If after your write offs on your taxes you are at a loss on your rental property income ( the property has a mortgage) and the time comes where you a...
Josh Dickson
How to reduce the maximum amount of income tax for a wealthy individual.
Hello all,I've been flirting with real estate for a long time but due to my low earning potential, thus far I have never felt comfortable taking on the risk. My brother, however; is a lawyer and earns around 700k a ye...
Aroldo Gonzalez
Second property investment
Hello everyone, I am contemplating on purchasing another property in SLC. But with the new high interest rates it is very hard to decide if I should wait or bite the bullet. My current property was purchased in 2020 w...
Michael Brattelli
Insurance policies for rental properties
I would like to hear from long time rental property investors what things you believe are important in a homeowners insurance policy? What specific item coverage on the policy should be increased or decreased to have ...
Jamie Wheeler
Insurance coverage replacement vs. actual
Hello all, I’m a new member and this is my first post. So I have a property 2BR/1BA I paid cash for. It’s a fixer upper for sure. I purchased it for $40k and plan to put about $5k - $10k into it for a ARV of $75-$85k....
Nathan Gesner
Are you keeping up with the market?
A study by Corelogic reveals rent rates for single-family homes was up 11% from 2020 to 2021. Cities like Phoenix, Austin, San Diego, Orlando, and Las Vegas saw rates increase over 15% last year.If you rented a house ...
Andrew Jones
6plex under contract. What documentation should I ask from owner?
Hello BP,
Yesterday 1/12/12, I got a 6plex under contract in southern California. Four 2bd+1 and Two 1+1. Owner is financing with me putting 30% down. Building is currently fully occupied. What documentation should I...