I inherited 3 properties from my father in Feb. Now that I’ve informed his long-time property management company that I’m selling, they sent me a letter wanting to terminate our contract immediately. They stated conce...
My bid was recently accepted for a HUD home. The starting bid was priced at $95,000, and I offered $127,500. The house is 4bd, 1.5 bath. It assesses on the city site at $123,200.The reason I bid so high is because I h...
I'm just starting out in my real estate investor journey and have been learning all I can from various books, podcasts, and people. My wife and I have a 30-year fixed-rate (2.87%) VA mortgage with about $80k in equity...
I have a tenant on a month to month lease and on June 26 I advised the tenant that I would like them to sign a year lease and rent would be increasing effective 8/1. The tenants texted me stating "I will be giving a 3...
Hi.
I am pretty new at this game, so please excuse me if what I describe is routine. In summer I put a short sale under contract with the seller, awaiting a reaction from the bank. Nothing moves for almost fo...
hello everyone,
first off, thank you for taking a minute to read my post and i appreciate any suggestions you choose to offer. This is my first actual post to BP! so to start off and briefly describe my situa...
If you do some maintenances on your rental property, such as fixing a clogged toilet, replacing a broken door, etc., can you count your own labor as expenses?
Thanks
Need help or insight to what happens after these steps have been takingBank files complaint on house 3/2007Owner moves outOwner files bankruptcy 7_2009Motion of Stay filed by bank 8_2009Relief of Stay Granted 9_2009 t...
My seller clients just closed on their side-by-side duplex here in Whitewater, WI. In my area, I've noticed A LOT of investors (including potential buyers on this transaction) that won't even consider university/stude...
Trying to refi a 3 unit I have owned for a number of years. While speaking to my accountant the topic of asset security came up and we discussed business structure and placing each of my properties in individual LLC's...