Patrick K.
why do RA developers sell pre-construction units at a discount?
Hi all, I am curious on why do RA developers want to sell pre-construction units at a discount? I understand in some regions, developers must pre-sell a certain percentage of their units before they can start the cons...
Michael Hunt
Residential property or investment property first?
Hello,My fiance and I would like to buy a residential property in CA sometime this year and also buy an out-of-state investment property this year. Both would be done through conventional financing. We currently do no...
Shanna Arthur
Vacation Rental in Hawaii?
Aloha,I’m currently refinancing my primary residence to fund my second investment property. (First is a long term rental). I have found a permitted vacation rental on the beach that I like, but I fear that there will ...
Stephen Weber
Preferred Return
I met with a developer yesterday and during our meeting he stated a 40% “preferred” return to partners. That got my attention, and although I do not want to talk numbers here, the point is that he is looking for a loa...
N/A N/A
California vs Texas
I'd like to start out doing rehab in Texas or California what state is better for rehabs? , I'm thinking Texas is good to start houses are cheap, but I'm from Cali and know the market there alot better but houses cos...
Todd Moriarty
If I buy an apartment building, who keeps the cash reserves?
I'm looking at different buildings right now and was told by a reliable source that, if I buy the building, I get the owner's cash reserves. That doesn't sound right to me. I know I get the tenant's security deposit...
Stephen Zipp
NY Eviction: 165 days ago. Now she wants her abandoned property
I got an email from the tenant's lawyer yesterday stating that she wants her abandoned property. It has been 165 days since she was evicted. She never showed for the appointed times to retrieve her items and after 30 ...
Jane Smith
Tenants break lease and won’t pay rent
So, here is a fun one.After almost two years of renting our tenants are getting divorced and decided to break their lease. Their contract would have ended the end of June, but the husband moved out the second week of ...
Donnell Durden
Help for my poor sister
Hey guys. I need to help my sister. She owns a duplex and had lived in it for about 7 years and rented the other unit in and off. She's not really landlord material so she's constantly running into issues. I once cam...
Ryan Moore
Interest paid to private lender
FYI: I'm still out hunting for a good CPA, but I wanted to know something. A portion of my down payment for my MF rental came from private money. Can I deduct the cost of interest that I am paying towards that priva...