Andrew Merritt
Suggestions on Tenants
Hey All, I purchased my first investment property recently (a duplex in the Charleston, SC area) and I'm trying to rent it out. I bought it for $175k cash and will get delayed financing on it settled in November (30 ...
Danny McGreevy
Looking for financial answer, not opinion on down payment size
I’m not interested in a personal situation answer, im interested in a pure numbers answer. I hope I can phrase this in a clear way.Scenario: 1) Is it better to avoid mortgage interest and put say 20% down or 2) is it...
Dan Durusky
Looking for real estate exposure and tax advantage
Hi all,My wife and I are high W-2 wage earners. We general follow "boglehead" philosophy and have a lean mean investment portfolio and live well below our means. One first world problem we have is earning a high incom...
Courtney Radmall
Home Insurance for Short Term Rentals
Hello everyone! WE have purchased our first short term rental that we are using as a vacation rental and are currently living in it while we renovate it and get it ready. We will be renting it out starting this July...
Rodney West
Improving existing property with new construction
Looking for some feedback on an idea I’ve been considering. I have an older single level 8-plex on .75 acres near downtown phoenix. The existing buildings only occupy the front portion of the lot, leaving about .4 a...
Ray Eason
Prepaid Legal For Real Estate Investors
Hello and good day.Does anyone know why Prepaid legal is not a good option for Real Estate Investors who are Wholesaling/Assigning Contracts in California?I have been on the phone with 2 of their Real Estate Attorneys...
Joseph Miguel
Oakland, CA - rent control - base year - fair return?!
What is oaklands 'base year' for determining a 'fair return' under rent control? Can i use state mandated covid lockdowns as exemptions? Per https://www.ci.richmond.ca.us/DocumentCenter/View/61839/MNOI...Fair return d...
Account Closed
Legal to Require Monthly Income 4X the Rent & Continuous Income?
would it be legal to require applicants make at least 4X the rent monthly to be considered?ie rent is 1000 so must document that income is at least 4000 every month?also how could it be made legal, if possible somehow...
David Lamb
What am I responsible to compensate tenants who just moved in?
Hello- I am new to landlording. I have tenants who just moved into my condo and are requesting compensation for: (1) repainting (I had to repaint a wall in a different color than they originally saw when I took down...
Ryan Rudy
Cash Purchase Discount?
We are just starting out in the REI game in Central PA and we have a business plan meeting with a local bank to discuss an unsecured LOC over traditional financing. We want to drive home the fact that cash purchases ...