Nick Rivers
Selling an investment SF - with 200K Pay off my Heloc or 1031 elsewhere?
I just got tenants out of an aggravating single family I've had for 4 years and fixed it up to sell. I should net 200K off of this sale. Property was only netting me $636 a month after all expenses but my interest ...
Michael Plaks
EXPLAINED: IRS audit "insurance" - no more fear of an audit?
This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...
Melissa N.
Replace water heaters?
Hello all,We are closing on a 12unit next month. The inspection showed there are 8 water heaters that are near double life expectancy (so they are 10 year water heaters but some are 18 years old). Would you replace th...
Drew Farnese
Analysis paralysis! What would you do in my situation?
I know its a question that I'll probably get 10 responses with 10 different answers, but I'm going to try. You guys have a lot more knowledge then me.
I'll try to give enough info while keeping this as short ...
Tracy Sharpe
Did my Tenant Abandoned the Property Without Notification?
I have a tenant who paid the entire year's rent. Yep, one year in full. It was one of the tenant's parents who actually paid the money and the tenant gave us a cashiers check. The tenants are in their late 30s.In any ...
David Cole
refinance potential rental to 15 or 30 year mortgage?
I will most likely move in with my fiance in a year or so & rent my condo out. With mortgage rates very low, I'm thinking of refinancing my condo in anticipation of this move.Currently my mortgage principal & ...
Shafi Noss
Total Return for Multifamily Syndication Investment?
Hi everyone, I was talking with an investor friend the other day and he asked me a question I didn't have an answer for. He asked "So if I were to invest 100k in a multifamily deal, how much would I make total over a ...
Karina Lucid
WealthFactory or Wealthability
I have recently consulted with both WealthFactory and Wealthability regarding tax and wealth planning. Both programs are pretty expensive. One purports to teach you how to find good advisors and the other purports to ...
Brooke Juedes
Buying a property with existing tenants
Hi All, I am closing on our deal this December 30th, for a 4-plex. It is currently fully rented, which is great!HOWEVER, as it sits, the landlord currently pays all utilities, (which will be changed immediately into t...
Sara N.
appliances in the house being abused? who should pay?
We installed a new dryer less than 3 yrs ago in the rental rowhouse. The new tenant who moved in last fall said the lint trap/plastic for it for this dryer just broke and needs to be replaced as it keeps falling out w...