Sofiya Cherni
Agreement to break lease
Im letting my tenants break a 2 Year lease because I’m their neighbor and they’re too loud for my taste. They want a bigger house so it’s a win win. What should the official document include to cover myself?I would pr...
Andrew Thomas Vedder
New Agent Questions
Hi all,I’ve obtained my real estate sales license and I am looking for some guidance.Information about me: Currently working a lot of hours on DuPont schedule (12 hour shifts rotating days and nights). I would ideally...
Daniel K.
Rejecting a Prescreening for a Tenant
I prescreen applicants via e-mail before showing my property. This is my first rental which has just been listed yesterday. One applicant asked me first if I accept Section 8, which I do, so I said yes and sent her ...
Veronica Calvillo
buying first property
Hello! looking to connect with more experienced investors, so here's what I'm dealing with. I'd like to buy my first rental without any money out of pocket since I hear this is doable. I live in chicago and would lik...
Ashley T.
STR tax deductions when there’s no rental income
We bought an STR this year but we were not able to rent it at all due to some repairs that took much longer than expected. Wondering what to expect come tax time. Will we not be able to write off any of these expenses...
Jesse East
Tax deduction vacation
I just finished two tax books, “Tax Free Wealth” and “Tax Strategies for the Savvy Real Estate Investor”, and both books talk about how to deduct vacation expenses with some planning. However, my tax advisor told me ...
Arron Paulino
Finding Funding For Deals in Detroit
Hello,
Does anyone have recommendations on lenders to start the BRRRR or fix and flip in Detroit? My plan would be to purchase SFR or small-multi with a lender and then either keep the property long-term or flip it t...
Abdulmatin Sanni
Credit Building Tips
Hello everyone, i have a few questions about building credit at a young age.What are the first best credit cards to get? What are ways to build a strong credit profile? Are credit unions really the best rates out ther...
Thomas Pellegrino
First Time Investing- Effects on DTI
Hello everyone, I've been looking to get into real estate for years!! I finally have enough money and a decent job after finishing my masters. I am having one small hurdle I for some reason can't figure out mentally. ...
Jarreau Jackson
Newbie Blind Spots for Fix-n-Flips and BRRRR deals
Quick post for the new and aspirational rookies as I am transitioning after my first chapter in REI!1. Beware of "Handyman Specials"1a) On your search for a property to rehab, understand there is a difference between ...