Shawn-Karisa Shaffer
Is my property commercial or residential?
I partnered on a deal we found outside of Indianapolis. It's a small 6 unit apartment building with 1 bed 1 bath units, just down the road from a university. It needs a tremendous amount of work. We paid $30k for it, ...
Hunter Jones
Interest Rates on rental properties!!??
So I just purchased my first two units this month. One was a cash deal on a condo in a hot spot of town, the other is a 3/2 1770 sqft brick home on the other side of town. The 3/2 is financed for 30 years, but the int...
Ray I.
Rental Lease Agreement - Printed on Both sides, or just one side?
I have an 11-page Rental Lease Agreement and I am curious to know...is it better to print it on both sides (front and back) or is it better to have single sheets (11 pages)? Is there a "correct way" to do it, or is i...
Marc Dufour
Rent late fee
I have a rental in CA. My contract says there is $100 per day for late fee and the rent is $2900 per month.
I am not sure legally I can charge $100 per day in CA?
The tenants are 7 days late, (including 2 days duri...
Cameron Peters
Short Sale Questions
I've made a 3 offers on Short Sale SFs to turn into buy and holds. They have all been nearly turn key - minor paint/flooring updates but nothing more than that. I'm looking for cash flow and cash on cash return so my ...
Timothy Heck
Non-Conventional/Seller financing for condo with existing rent controlled tenant
Hello all,My mother has a condo in a building that is 50-55 yrs old in North Bergen NJ. She wants to sell it but we have an existing tenant who has been there a long time and is over 100 yrs old.A buyer who is intere...
Travis Elwood
Partnership question finance vs free time
A friend and I are working on purchasing a duplex and want to set up a partnership to do so. I am currently making roughly 2x his income and he cannot financially cover what would be fair in my eyes 50% of the expense...
Art Orozco
Is it a good idea to pull equity from home to buy rental property
HelloI’m new here and I would like some advice. I am able to pull $150,000 of equity from my house. I want to use it to buy 2 rental property with a down of 75k each.Is this a good financial idea to do?
Michael Dunn
IRS owns the house ,& is owed $55,000 on this house. What now ??
The IRS owns the house via a Tax Lien ,& is owed $55,000 on this house. What are the Options ??My main question is ....... Will they likely except an amount LESS THAN the $55,000 ?Will they take say , 75% of the...
Scott Duerk
Long distance Landlord ?
What is the feeling about purchasing properties that are not close to home or work? Are most folks less concerned about the location, especially when using a property manager, if it’s a good/great deal?