I have a rental townhouse assessed at $114,000. Bank loan at $121,000. I'm $200 out of pocket each month to meet the mortgage and it needs a new roof. Wells Fargo owns the loan, but Bank of America services the...
A tenant in my rental property was recently involved in a car accident and he's seriously injured and hospitalized from this accident. The tenant is now disabled and unable to work. The only income source this ten...
Hi everyone!
So I've been dutifully reading and researching about REI since I've joined this site. I've mapped out my goals, and would really love to hear some feedback. FYI, I live in San Francisco and can't...
I have a few questions here:
1) if I have 2 year's tax returns with rental income reported but have not had the rental property for 2 years (say 1.2 years), will lenders still consider the income? I do/will have a si...
I'll admit now that I am an infiltrator to this forum. I'm not a property owner or landlord. I am a potential tenant trying to figure out what makes you guys tick. (What I have discovered so far is that you love mo...
I am ready to purchase my first investment property and I talk to the mortgage broker at the office I am working with. I tell him I have 12k for a down payment, but my parents want to get involved for 35k also. He t...
There's question as to "whom" (seller) has the legal authority to sign option to purchase agreement for (2) properties I'm trying to put under contract. I've got an individual wanting to put these properties under con...
So my lease was up at the end of October. I tried to contact my landlord for about a week to speak to him about renewing my lease, but never got an answer or call back. I went ahead and paid a month of rent for Novem...
Hello, I work with an individual in Denver, Colorado that is a felon, attempting to re-enter society.This individual had an unusual situation. He pays for housing at the halfway house, and needed approval to move out ...
What are some pros/cons for the owner of:
owner occupied Duplex vs. owner occupied 3 family home?
I can think of many obvious pros/cons but would appreciate feedback from investors who have been there, done that!