Jon Holdman
No income but plenty of cash
More than once someone has written something to the effect "I have plenty of cash but no income on my tax return." Usually in the context of trying to get a loan. I do understand deducting expenses, depreciation, an...
James Mc Ree
Solutions for problematic service animals
I have a tenant with 2 certified service animals (dogs). The dogs recently chewed my central air compressor resulting in a repair for which I told the tenant they were responsible. Then a second chewing. And now a thi...
Colette B.
Do I need to shop around for pre-approval?
I've heard that I should shop around for mortgages, but do I need to do this at the pre-approval stage? And am I correct that I'm not tied to use the lender who pre-approved me?
Scott P.
Previous Eviction Court filing .. Every single applicant
Hi Every single qualified tenant ( income and misc) has a previous court filing for an eviction( when I look up their name in the court system). I have been looking for months for a tenant. The rent is lower than mar...
JD Martin
Example of why landlords shouldn't be afraid of vacancies
Over the last month, we had an unusual situation in that 5 units all came vacant at (roughly) the same time as leases were ending; instead of tenants renewing, two bought houses, one couldn't navigate steps any longer...
Shaun Palmer
Rental Units - Best Sheen and color of Paint
BP'ers
I am getting a few rental units and I am wondering what sheen and color paint landlords are using in their units. I plan on holding the units for 20-30 years and want to make the best of them. Currently we a...
Jaison Emmanuel
Appraiser Value is less then Sale price? what should I do
Hello BP members...I have a flip home that's in the contract for $132K.The buyer is going thru an FHA loan, and the appraised value came out to $125. The buyers don't have the 7K to cover the difference, and b/c its...
Account Closed
Top Markets in Canada for buy and hold cash flow?
I'm originally from Canada and still own a rental property there. I am looking to possibly buy more and curious to know what are the top Canadian markets to buy in right now for a cashflow buy and hold strategy and p...
Lyle Quillin
I've made some money and am joining the Air Force - Advice Please.
I'm 25. Serving in our military is just something I've got to do. I hope to ship out in a few months and would like some advice on what to do with the cash we've made in the past few years. Currently own 3 properties....
Andrey Norin
Yonkers/Mt. Vernon/New Rochelle for cashflow investing
Hi there,I wanted to get the opinion of other investors and realtors on investing for cash-flow into multifamily homes in Yonkers, New Rochelle and Mount Vernon areas. Do you think these areas are in general overpric...