I’m renting out my home and had a IG influencer apply. She makes great money 4 times what rent is a month. And her W-2 reflects that. She does have one account in collections but as second position. ( was a co-signer ...
Has anyone else noticed that it seems that the people who have the least understanding of money, investing, and profit and loss are bankers???Seriously though, we own 17 rental units; a five plex, a four plex and a ho...
How do small town banks appraise storage facilities? I’ve found that most “mom and pop” owners have no idea what a CAP rate is and just know what they paid for a place and what they think it’s worth. There is no conce...
The deal https://www.loopnet.com/Listing/4300-Rosslyn-Rd-Houston-TX/16820570/Down payment is 25% of purchase price so I got 948,750 with remaining principal of 2,846,000.Income 7 of the units rented for 8050 and 20 un...
Hello everyone!
I have a lot of questions on first time homebuyer FHA loans, and I'm not quite sure where to go to ask them. Does anyone have experience using these? Specifically for duplex / triplex etc.? Where did ...
HELP! it been 3years now I’m trying to buy a property but it seems impossible for me. I been under contract for with few properties but things always goes wrong.
I am under contract with a 3 family multi unit in New...
I have a tenant with first, last and security deposit on hand and is willing to get her mother to sign a notarized statement that she provides for her daughter and helps with her bills that is the good news the bad ne...
I am trying to decide whether to do a 1031 Exchange or to sell an investment property outright. I have suspended loss carryover associated with the property. I often see general guidance such as follows: "If you ha...
Hey everyone,I'll get right to it...I have never done a lease option deal before, but have a fairly good understanding of the general concept. My first potential deal seems to be in the works right now as far as getti...
Hi Everyone,
I am just starting out and looking for a rental property. So, I have lots of questions, especially about depreciation. I'd like to evaluate how it affects the tax consequence when I sell it some day....