Dan N.
Just closed on 1st property - Here are some lessons I learned
So after 1.5 years of searching, putting in offers, losing deals after inspections, yesterday I finally closed on my first investment property.
I put together a document of all the lessons I learned that I did not ...
Kevin Nichols
broken windows
We just bought our 2nd duplex in a "B" neighborhood. It's a complete gut job and we'll have to replace 15 windows. The previous owner let it go down so much and the tenants were evicted.Even the newer windows have bro...
Pedro Oliva
What to do when the mao formula does not work?
I got a lead come in from an area in which many buy and hold investors buy. Using the mao formula of (arv * .7 - repairs - my fee) = a negative number. Is there a time in which not to use this formula? How can I make ...
Gernot Bucheli
[Calc Review] Help me analyze this deal.
View report
*This link comes directly from our calculators, based on information input by the member who posted. I found this on Zillow and punched in the numbers as best as the information is availa...
Joe Sampson
Back Taxes & Capital Gains Question
I have a duplex that I'm weighing putting on the market in the coming months. When I purchased the property it was through an IRS auction & I am wondering if anyone has any insight on if the back taxes that I pai...
Seidy Lasker
Do state rental losses reduce diff. State income?
If you have a rental loss for a property lets say in California but live in New York but have no other income in California, could the loss reduce NY income or it stays with the state where the property is located?
Ayobamibo Afuwape
Down payment and Closing cost ?reducible?
Is it possible to buy a property (ie single family home, townhome) and avoid the closing cost/ down payment? or is it possible to reduce the cost to a more cheaper and affordable cost?
Carlos Ptriawan
Gov. plan to endorse more ADU (basically househacking)
There is this new bill/legislation from WH that WH is trying to endorse more ADU building. For example in the future , FHA loan would include income from future ADU rental to reduce the DTI/mortgage by building/repair...
Atul Mohlajee
On rentals, do you pay escrow shortage or let payment increase
I have two commercial and residential properties. Bank is asking to make up escrow shortage by paying about $11,600 or they will increase total monthly payment on both properties to make up for past and future escrow...
Matthew B.
Are VA appraisals normally lower than traditional appraisals?
Got an offer on a house, and the buyer is using a VA loan. We had an appraisal done to determine the listing price of the house, and the buyer is offering full price. The buyer's agent mentioned that we may have to re...