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One week before the final signing the buyer loses their job after which the loan processor calls the employer to verify employment so the deal can not close. Can the seller sue the buyer for anything?
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A single story 4 plex offered at $91600 with market value at 95000. Income is $1625 from the units and utilities run $556/ month according to seller. That does not include vacancy, management, or repairs.
Wit...
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I told my brother that I had a tenant that was section 8. He immediately started calling me a slumlord!Has anyone else expererienced this? The stigma might be so strong that I might just altogether avoid mentioning th...
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I know that I will have to file state income taxes due to the various K1's on RE equity deals. But, some of these investments are in states without individual income taxes. I am investing as an individual investor a...
What are some reasons why you wouldn't purchase a building? Over time, I found many outlying factors that would turn investors away, however, in the back of my mind, I still consider this thought often; someone is go...
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So I finally did it; I just closed on my first four unit last week! I'm going to be house hacking and am so excited and eager to get going on the business side of things. But I have a question that I was hoping to get...
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Hi everyone I had an idea on attracting tenants to my older style apartment building, which doesn't offer any amenities. I'm sure that someone else is doing it already or has in the past.I'm thinking about offering my...
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What is the best website / service to do full background and criminal checks of potential tenants? All of my previous tenants have been screened myself and have had no issues until now. My current tenant left with no ...
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If I owe $350k mortgage and I take out $100,000 HELOC and spend it on say a 6 month CD,
And then I sell the house for $700k
I would only have $250k profit right? Then I’d avoid capital gains tax in Massachusetts?
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I'm not on the lease where I live but my boyfriend name is though. Landlord knows that I have lived with my boyfriend since he moved in. However problem is my boyfriend went to jail and doesn't look like he's going t...