Victor Zhou
1% rule area in Canada (income properties)
Hello fellow Canadians, I had been investing in US mainly due to their good web infrastructures on finding deals and managing them through property managers. However, with the financing structure of being a Canadian ...
Maxwell Lee
Short Term Rental questions
Hi all, I have a handful of STR-specific questions I was hoping I could get some focused replies for. I've read/skimmed through dozens of airbnb threads but there are just SOOO many on this site covering a wealth of t...
Account Closed
No Fico score renter =585 Fico more or less?
How do you equate a potential renter with no fico with a low fico potential renter? For me anyone with a fico below 560 is probably a life long deadbeat, and anyone with no credit file, probably is also a dead beat, b...
Joshua Dorkin
Rich Dad Poor Dad by Robert T. Kiyosaki
This is the first book that comes to mind, so I thought I'd kick this area off. Have you guys read it? What are your thoughts?
Sam Green
Problems with management company. NEED HELP!
Hi. I'm having serious problems and need help. I've got a few properties out of state which are being operated by a management company. Here are some of the problems:
1 - My contract with the manager states that t...
Matt Secrist
Info on Selling Land Contract Notes
I see that there are a million companies buying Land Contract notes. What is the standard percentage they pay? Based on the following, $30k note(balance) with 8% on a 10 year note.
Uwe K.
Home office and mileage deduction/transportation expeses
I was reading about and researching this over and over again, books, IRS pubs, here, elsewhere. I cannot get a conclusive answer even in forums with seasoned CPAs debating this topic.
That much is clear:
- If you hav...
Aaron Rowzee
Inheriting Tenants with 1 YR Lease and Well Below Market Rent
Good morning, BP.I've got a bit of a sticky question here. An accidental landlord family has contacted me with an offer to sell me their home. They had to move for jobs a year ago and have a tenant leasing their home ...
Luca Mastrangelo
Purchase commercial real estate w/intent to start business
I want to buy commercial real estate as an investment with the intent of using some of the space to do something in the food space. I'm on cape cod MA, upper cape specifically, where hundreds of thousands of tourista...
Christian Brodin
How to turn a great property into a disaster property
In 2014 we looked at buying a 70 unit apartment building in north GA. It was our first "out of area" property in almost 5 years. (We had sworn never to do an "out of area" property again after failing miserably in St....