Juan Orozco
How is the cash flow cashed out?
I am new at this investing proses and I’m workin on my first rental property deal. But I’m still a little confused on the cash flow part. I know that the more cash flow the better and it’s based on the monthly income ...
Nat C.
recouping unpaid rent and costs from tenants
Firstly, sorry for my naive question but I've never been in this position before.
I am in the process of evicting a tenant.
The current rent they owe is-
November rent- $450 + $75 late fee
D...
Ben Wilson
Accounting for Chicago Heating Expenses
I'm looking to purchase and live in a small multi-unit property in Chicago, and I would be interested in gaining some input on how to estimate and account for the expense of heating in the winter. Obviously this will...
Jamey Grant
FundBox - BlueVine - Kabbage - for Property Management Fees??
I am interested if anyone in the property management business has successfully used any of the new "receivable advance" financing groups out there like Fundbox - Kabbage etc.I have used Fundbox with my online marketin...
Ahsan Lake
Assume Mortgage, Rehab, and Rent
BP First Post.I'm looking into my first investment. The mortgage would be assumed from my parents. Currently they have a $1500 mortgage. SFH 4 Bed 3 Bath.The property can rent for $2400.I would need to rehab the prope...
Cristian Yepez
What happen if you don't find a buyer when you have the contract
What happen if you don't find a buyer when you have the contract sing by the seller? and what to do?
Kevin Kim
Do I have to ask potential tenant recommendation letter from current landlord?
Hi,
We have found a really good potential tenant. He has already submitted an application through Zillow, and we have the contact number of his current home manager.
Please let me know if it's still a good idea to a...
Robert Borer
Selling Real Estate Without A License ??!!!
Looks like some bitter broker threw me under the bus and reported me to the state (MI) Attorney General with a complaint of "Selling Real Estate Without A License".Who knows the exact rules here? Is there someplace t...
Brian Fung
Modeling Fix and flips
I have 2 questions:
1. When you underwrite a fix and flip deal in your upfront due diligence, what figures do you us for the cost to sell? (do you use a percentage, standard fixed fees + percentage, etc)
2. When yo...
Andrew B.
Capital gains selling a property I hae owned for 1 year
I am selling a property I have owned for one year. The problem is the date the deed was recorded is not the date we closed. When does the iRs see that one year starting from- date of closing or the date someone actual...