Hello All!I'm about to close on my first deal. I found an owner-financed 8 unit, and we're writing up the contract this week. As the property is about to change hands, I've started thinking about how I'm going to coll...
One of my hard money borrower has stop payment on his loan. I offered to buy the property for more then the loan amount but he wants to keep the house.this is the first time I am going thru this.Is there a way for me ...
Hi guys, I'm new here, and grateful for a place to process this amongst colleagues. I began renting to a young woman with serious health issues a few years ago, one of our first tenants. Her disability check was not s...
Hi everyone,I am getting ready to close on my first owner occupied 2 family. This will be my first time dealing with tenants. I was wondering if people can help me out. Because the tenants on the second floor have a l...
First time poster here:I have operated a consulting business for many years and recognize the need for contracts, 1099s, etc when hiring subs. However I recently becam a landlord and we need an Air Conditioner install...
I have a tenant that qualifies income, credit, and background check wise. However, they currently have another house in their name as they are going through a separation / divorce. Also, there are some higher fixed ...
Hey guys,Just curious if you can help me analyze a deal. There is a condo that has been flipped nearby for sale at $78,000. Im going to offer 76,800. Below is my calculation. Is this accurate? Second question. there i...
Hey everyone,I'm about two weeks into my start of wholesale real estate investing and am making progress but have so many questions when it comes to going under contract.FYI the first portion of this post is not perti...
Thinking of selling a residential duplex investment property in CT. A sale would yield $250-300k profit. Owned it for 5 years. I have a commercial mortgage on it in the name of my LLC that I also personally guarantee ...
I keep hearing that while you should be cash flowing positively, you should be showing a loss on taxes for your rentals. I've deducted every repair, interest, tax, insurance, depreciation, etc. that I have put into th...