Ogonna Odo
Paying Contractors with a Credit Card
Has anyone had luck with paying contractors with a credit card?
Dwight Cook
Can I use seller credit for closing costs?
Hey everyone, My wife and I are currently looking to purchase our first rental property. This is located in upstate New York. The owner of the property is selling the triplex we are looking at and a duplex right next ...
Jeremy Engelin
Bathroom on main floor vs upstairs by bedrooms?
We recently purchased our new home and are in the process of renovating our old home to turn it into a rental property. The house was built in 1880 so much of the layout was done as needed over time and as a result i...
Cammie Lewis
Buying Notes Without LLC or IRA
Hi everyone,My name is Cammie and I'm trying to start my note investing journey. My wife and I plan on investing at 20-25k to buy a note or two each year. I hear a lot about people using IRA accounts and businesses to...
Gary Dezoysa
Does the 50% rule hold true for lower end properties?
Hi, I know that if I compared a $30,000 house renting for $600 a month to a $120,000 house renting for $1,600 a month, the cheaper house would have proportionately less property tax and vacancy factor, maybe also insu...
Kyle D.
Thoughts on this 16 unit apt in Mississippi
$550/mo6-12 mo leases. avg. 1 turnover a month (averaging over past 24 months).$91K gross (~90% occupancy)$22k expenses (taxes, insurance, water, sewer, trash, electric)$5k in repairs (~5% of gross)$9k mgmt expenses ...
Mike Watson
Which option is better for profit?
Kind of a long post. Sorry. Just put a property under contract and wanted to get some feedback on which option is best. The purchase price of the property is $260,000. The property has a house on 1.08 acres and is ...
Dustin DuFault
Walmart Paint - A Long or Short Term Problem?
Quick Question...I know plenty of folks (myself included) are not fans of Walmart paint.However: I have a property that needs to be painted and a tenant who is willing to paint it. With Walmart paint. Does this cheap ...
Jeremiah O'Neill
Depreciation building value
Last year I converted my primary residence into a rental property. We purchased the home for $295k in 2006 and it lost value over the next few years, now at around $250k. Per the IRS, I need to use the $250k for de...
Andy Eakes
Seeking info on turning my garage into another bedroom.
Hello! I live in a 1930s California Bungalow with an old detached garage too small to fit a modern car. My girlfriend and I thought about converting the space into another bedroom/laundry room as the space is only use...