Alyssa Paros
What credit score do you use as a qualification?
We own in a triplex where the rent is $500-600/mo. Should we stick the standard in The Book on Managing Rental Properties? What credit score do you use as the qualification threshold?
Kyle Jacques
Question on STR and Tax
I am a new investor and do not know a lot about running STR . I have a STR and I want to make sure I am maximizing write offs . My current CPA is saying because I make over a certain amount I am limited to what i can ...
Keith Jourdan
my tenant wants to pay now that she received her 24 hour notice
Served the 7 day, no response. Tenant Failed to show up to court, default judgement was entered. Had to wait another 10 days, then court put 24 hour eviction notice on door. She has 24 hours before sheriff arranges "s...
Jesse Dahms
Optimizing investment strategy to increase paper losses?
Current Situation: My wife and I have been slowly getting into REI over the last 4 years. We currently have 5 SFH long-term rentals and a short term rental.Up until 2022 we both had W2 jobs, but we just had our first ...
Jennifer Turner
How to modify terms of a seller-financed mortgage?
Has anyone ever sold a property with seller financing then later extended the repayment period or modified the terms of the loan with the buyers? Or even refinanced it to them?I’ve been searching for a form or contrac...
Dawn Oree
Insurance - Any Suggestions On A Good Company?
Hello Everyone!I'm about a 13 days from closing on the 7 unit in San Diego and I'm starting to look for an insurance company for the building. I wanted to know if any of you have suggestions on what to look for and t...
Ray Slack
Advantages of being a "real estate Professional" for tax purposes Vs disadvantages
So, I keep hearing about it being great to be classified as a "real estate Professional" for tax purposes. It seems the only benifit is to be able to deduct passive rental losses from ordinary income.. Since I have no...
David S.
MF Syndication Involving Large Institutional Partner
Let's say that I found a MF Syndication Offering that seems to check most boxes for my investment criteria. The sponsor is well experienced, the value-add MF project will be moderately leveraged with long term fixed r...
Zach Shrader
What documents to ask for before buying property
Hello all, I'm looking at an 11 unit multi family in the Ohio area. 9 units are 2 bed 1-1/2 bath and 2 units are 2 bed 1 bath.
I know there's some obvious things I need to ask for like the rents and stuff. But sh...
Mark C.
Somewhat unusual situation - one off, four to six month rental
I'll preface this by saying that yes, this is probably unusual, and yes I'm about to rent to friends. I'm in Texas, and I want to sell my house. I have friends that actually want to buy mine, but want to rent first so...