Greg Henderson
Can I get a FHA or any QM on 2 duplexes on the same parcel?
A local lender said it is commercial because it's two dwellings even though it is on the same tax parcel. The addresses are labeled A, B, C, D. I've searched and not found a definite answer. Has anyone dealt with this...
Grant Shipman
CPA Recommendations: Renting my SFR in Austin & Live in San Diego
I have a friend who recently become a REI when she moved from Austin to San Diego and started renting out her SFR. I am looking for RE CPA recommendations for her as she is wanting to make sure to protect her assets ...
Ally H.
Income Taxes & Deductions for House-Hacking with AirBnB
Background: We bought our first home this year and are renting out the extra bedrooms through AirBnB. We'll receive a 1099-K from AirBnB on the earnings and are not exactly sure how our tax situation with regards to t...
Xavier De Gracia
What are your target STR IRRs?
Hi, I am looking into properties with the goal of turning them into STR. I've found a property that has an expected 10yr IRR of 10% as an LTR and 22% as a STR. COC on year 2 would be 3% for LTR and 12% on STR. What ar...
Jeremy Hester
vacation home turned into long term rental
Investment Info:
Single-family residence buy & hold investment in Panama City Beach.
Purchase price: $235,000
Vacation home that we turned into a long term rental.
What made you interested i...
Curtis H.
Meeting with seller tomorrow
Hello all,
Here is the situation. Did a yellow letter campaign to about 400 people. Got 3 calls so far. This home is for me to live in, not flip or rehab and resale.
Guy is over 65, has plenty equity...
NiRa Goel
How to remove (pack rat) tenant with a lease?
I have a tenant (California) whom I asked to clear up the garage (he's a pack rat) and to remove his boat. It was not done. I have sent him reminders/certified letters regarding these items but he has not cleared up...
Joshua Morris
Is a $10 REO worth it?
I live in a town where there is a predicted oil boom, already the housing prices have gone up at least 20k over the past 2 years. I am looking to find cheaper bank owned real estate to at least get my feet in. I found...
Account Closed
Should I wholesale this deal?
This is for future reference, just wanted to ask what you guys would do.I'm currently working on getting my real estate license so I can get access to the MLS. Let's say I come across a deal where a person has a home ...
Ed Osowski
Transitioning property managers
Hi all, We're closing on a 31 unit apartment building in Richmond, VA this Friday. The complex is currently managed by a live-in PM. We already employ a property manager who oversees our portfolio of 40 SFRs/duplexes,...