Account Closed
condo investment
I am thinking of buying a condo in Maui, Hawaii. I have an offer in for $42,000 2/1.5 mountain/ocean view. It has tenants in place paying $950/mo. The HOA fees are $668/ month, this includes elecricity. the bank is c...
Rene Hosman
Do you put extra money toward principle or invest that money elsewhere?
I've had a conundrum the last few years since I bought my first primary residence, I was lucky to get a good interest rate <5% When I purchased this property I was very green and new to real estate but I had heard ...
Kyle Scholnick
Are down payments on rentals tax deductible?
I know the mortgage interest and any expenses associated with the rental property are tax deductible but, is the down payment of a rental property tax deductible?If I put $40,000 down on a rental property, can I deduc...
Account Closed
Should I decrease the rent?
My father rented a 6 bedroom, 3 bath home to 10 people before he passed away last year for 3,100/month. Now that the lease is expiring soon ,the tenants are asking for a rent decrease because five people will move out...
Star J.
To pay or not to pay
Newbie 8 family rental owner. In my area the water company can hold the landlord liable for any unpaid water charges whether it is in the tenants name or not.. How are other landlords passing that cost to tenants whil...
Zachary Engen
Using heloc for brrr and renovations
Ive read a few things about onlying being able to cash out refinance 75% or the purchase +closing costs, whichever is lower. I plan to purchase a distressed property amd do the renovations with my heloc. Once I'm fini...
Harry Maxtens
Licensing Experts - Anyone have any feedback?
Post on Craigslist seems like another 'guru' but I cannot put my finger on it, he seems to be following Cherif method, not sure what to make of it. Anyone tried them?
Erich Hatch
Estimating Rehab costs
Hello, For anyone that is not well versed in rehab estimation, how do you go about calculating rehab costs if you are not going through a realtor to find deals? Do you get an inspection and just let the potential sell...
Rich Hupper
Confused about the BRRRR method
I have 250k cash I can use towards a multi family purchase as gift money. Most of the 3 unit multi families I am interested in are 400k. being very conservative monthly rents would total 3300. Lets say I can get someo...
Sandra Lopez
Could someone please help…
Hello,I flipped a property. I am unsure if a should cash out and refinance or sale it.Can someone please explain how the cash out refinance works.The ARV is 175k. Does that mean I refinance 80% of the ARV of the prope...