Srikar R Madadi
Tax deed sale - Land permits
Hello all..
I recently purchased a 1.5 Ac lot in a residential neighborhood through tax deed sale in California. The lot is marked as residential zone(R3) in the Zonal Maps and there are no recorded liens against it....
Amy Perry
Inherited home, needs lots of work
Long story but there is a Caretaker there. Want to start charging rent. Where do I even start?
Chris Townley
Duplex in New Brunswick, NJ
Hi All,I'm analyzing a deal for an off-market two family, and was hoping to get some other opinions.Here are the numbers:Asking Price: $324,000Gross Monthly Income: $2500Operating Expenses: $1467 (Insurance: $100; Tax...
Zoe Mercier
How to show rental property during the shutdown?
My tenant's lease is up and she is pregnant and buying a house so will not be renewing. We want to take care to follow social distancing guidelines and not even appear to be endangering our current tenant, any prospec...
Jorge Abreu
Finding Deals and Engaging with Developers 👊
At the start, I found my first two deals by actively taking charge and diving into ownership. We obtained a list of owners from CoStar in the desired locations and began making calls. Once we successfully closed those...
Account Closed
AC Air Handler Motor Went South and DIdn't Come Back - Where of Where To Find One
One of my rental's AC Air Handler Fan Motor finally went kaput after 33 years of faithful spinning. It must have gotten dizzy or something. Well, today was 117 degrees so I decided it might make sense to fix the thi...
Jay Lam
Bank accounts for rent and security deposit
Hello,
If I have two bank accounts one for the rent and for the security deposit, do these accounts have to be in both me and my wifes name if we both own the house? Or can the accounts just be in my name? Thank you!
Spencer Wetmore
FHA in an LLC?
Hi Everybody!I purchased a multifamily in June 2016 using an FHA loan. I did a little research and would love to create an LLC for this property (and possibly future properties). However, I heard from a non-attorney i...
Reya Ripet
Permits and insurance issues
Hi all.I am stressing out here. So recently they introduced the requirement for landlords to need "landlord permits".I am also dealing with difficult insurance that are cancelling policies with minnimal reasons and no...
Andrew Giunta
How much do some expenses matter if you can write them off?
I could be wrong because the US tax code is very confusing, but how much do certain expenses like property tax, or property management fees matter if you can write them off? Im not sure if there is some sort of cap, b...