Arthur Banks
How to raise rents?
I'll be hopefully getting a closer look at a fully rented 3 unit I'm considering purchasing. The current rents are $600, which is about $100-$150 below market. The tenants are month to month right now. My question ...
Marina Meggy
How long do I have to pay for PMI?
Hello,
I had taken a loan about 2 years ago and have been repaying my installments regularly. As far as I remember I am also paying the premiums for the Private Mortgage Insurance (PMI) but how long would it continue ...
Olga Zelenko
LLC California Franchise Tax
I just discovered that if I live in California and I have an LLC (in or out of state) I will be required to pay Franchise Tax in California (annually 800$) for each LLC.My first plan was to create for each property it...
Florencio Moreno
Permits in San Antonio
Anyone from San Antonio have experience with pulling permits vs not pulling them? Here's my situation... I'm currently flipping a house built in the 1930s. Pulling permits means I would have to bring electrical up t...
Michael S.
Inherited Tenants Don't Speak Much English
Just purchased my first investment property (a 4-plex) and need some advice. I've dropped off two notices that all tenants will need to sign a new lease before their current lease ends, or they would be expected to va...
Renee Allen
The housing bubble from an appraisers view
As an appraiser my opinion of the housing bubble is the fauld to the mortgage lenders. Most of the time, when doing an appraisal, if the report did not come out to the expected market value of the property, the lende...
Kenos Duff
How do you know how much you should pay a Realtor out of your wholesale profit?
I have a Realtor i am working with and she seems to be really fare. She said she has worked with a lot of wholesalers before and that is a plus for me. She also said she wanted to make sure i get to keep the MAX amo...
Suzette Lowery
Shopping for Appliances? Best Buy!!
I've search everywhere, Lowes, HD, HHGreg, Craigslist (cheap, crapping and no warranty). Best Buy deals were hard to beat. Up to 30% off Labor Day weekend. Got a complete appliance package for $1700(side by sid...
John Doyle
Can I use rental income to fund solo 401k? SEP-IRA?
I love maxing out our tax-advantaged accounts (my 401k at work and Roth IRAs for my wife and myself). Usually we have a few thousand dollars each year to invest after we max out these accounts (and it usually just go...
Dan Smucker
Internet and WIFI for Security System - and offered to tennant
I have a dilemma: I have a duplex and have had two breakins so far. I want to put in a security system but need WIFI for that and any cameras I put in. So I went ahead and ordered spectrum internet with the thought of...