Recently had to evict my tenants for unpaid rent for a little over a month. I was ready to take the loss, but I just got the video walkthrough of the place. It is an absolute mess, and I am guessing 30k+ worth of dama...
I was wondering what is a better style of creative financing... the two options I am interested in using for my real estate investing business are either a lease-purchase agreement or a lease option.Which would benefi...
I had inherited the tenant from the previous owner, and now they are nothing but trouble. They are threatening to sue me over maintenance issues, which I have tried to address with my property manager. They are not co...
Hello Everyone,
My family and I are in the process of making a move from Bellaire to Long Island, NY. The Bellaire market is a bit unpredictable; some homes sell super fast while others linger for months.
We have a...
If 75% of the market rent covers the mortgage do I still need to use my income to qualify for the mortgage?Using round numbers for ease of explanation.Mortgage: $1000Market rent: $1350Bank will use 75% of the market r...
Hello, I was wondering if there was an easy app for flippers to showcase their before & after pictures for future lenders. I thought a simple website might do but my site building skills aren’t so good. So even ...
What's up team. So I'm hacking my second home, and my first water bill came at $611. My toilet in one of my tenants' rooms was running for about half of the month. I was able to call the water company and get half of ...
Hey everyone - Hoping to get some general info and advice for a STR in Gulf Shores, AL. Does anyone have direct experience in that market re: specific nuances, types of properties that do better than others (# of bedr...
We have been going to OBA / GS for 10 years and know the area well. We are considering a STR there, but in looking at properties it seems things are still a bit inflated. There seem to be 2 groups: 1) Those who boug...
I'm being given a free and clear rental property Oct 1st. The property is tenant occupied. I will be responsible for paying the annual 2023 property tax in december. Can I deduct the full annual amount, even though I ...