Daniel Alvarez
Portfolio vs Piggyback loan
Hello all,
I'm recently delving into uncharted waters in financing and property type. All my past investments have been either on a primary or pure investment property using a single, fixed rate conforming loan. I n...
Ceaneh Alexis
What due diligence required when inheriting tenants
In negotiations for a my second investment property, a duplex in Georgia. Both units are occupied by month to month tenants at below market rents. The units also need some cosmetic work. What due diligence should I be...
Joe Lee
LLC question - month to month tenants and cash tenants
We just recently created an LLC for a rental property that has some month to month tenants. Will this be a problem? Do I need to create a formal lease where the LLC is named as the building owner, or is it okay to kee...
Tyler Warne
Letting a tenant out of a Lease.
I am in a situation where I have a tenant who has communicated really well about how he will not be able to continue to rent a house, he made last months rent but then told me that he likely wont be able to make the n...
Justin Beaudoin
Short-term rental being paid by the insurance company
I have a few questions in regards to a short-term rental inquiry:Background: I have ALE solutions contacting me about one of my single family homes for rent. They claim they are searching for local home owners displac...
Philip Hy
How do you live off your cashflow?
I've never heard anyone on any podcast or webinar talk about the mechanics of how they live off their cash flow. Do they have a bank account for each property? Or does it all go into a single bank account? How much, h...
Ryan Tuleja
How do I set up electronic rent payments?
A little back story- It has come to my attention that my renter, who is on SSI/disability, goes through a silly/expensive process to pay her rent and other bills. Her monthly payment comes to her via a debit card. She...
Mark Douglas
Inheriting problem tenants?!?
I thought I found a solid deal.....FHA owner-occ on a 4plex.. I had been asking to see the rent roll, and finally got it. Here's what I found:1) One tenant has been leasing for 8 months and has had 3 late pays. Cu...
Jeremy Kleier
Closing in 3 days and need your help with the numbers!
Purchase Price: 180,000County accessor: 1292 (this is where we signed the square footage disclosure)Actual square foot age: 1100 - ARV - 215,000 conservativelyWould buy this house house as a live in flip? More than li...
Thomas Neely
Tenant moved without notice! Help! (Illinois Only)
Hello Everyone, One of my tenants moved out without notice. She has not paid her rent as of yet for this month 7/15. I sent the 5-Day notice for eviction. However, when I drove by the property today it was completely ...