I have a contract on my first multifamily commercial deal. The property is a six unit 2 bedroom 1 bath apartment building. It is currently fully occupied (month-to-month). It currently rents for (average) $500/month p...

Hey guys, So we all hate turnovers. But, long term tenants aren’t necessarily great either. Personally I’ve never really cared about turnovers, I’m a DIY landlord and contractor. It gives me an opportunity to do a rea...

I have cash sitting in a tax deferred IRA account.  I am looking for alternative tax strategies to use in investing these funds for real estate investing.  I realize by taking a cash distribution it would be considere...

One of my tenants has been constantly complaining  bout the water bill. She claims something is leaking in the walls but there are no signs of water damage anywhere. I have gone out to the property several times and t...

I recently purchased a duplex with owner financing and the seller has 6 units (a quad and duplex) a few blocks away that she is considering selling me with a similar deal. The problem is that 3 of the tenants are elde...

Hello,I was offered 100% finance 96.5% first loan and 3.5% second loan mortgage for a multifamily  the 2nd mortgage for that 3.5% MUST be paid back, but just like the first mortgage, it doesn’t have a PPP and itcould ...

Hello.  I have recently decided to rent my home and move due to working from home.  I have a VA loan at 2.25%.  Being new at this I am just realizing as I intend to purchase my long-term home in 3-4 years from now, I ...

Hi,I did a rental property analysis today after you all answered a lot of my questions over the past 2 weeks.  It looks like if I charge $1300.00 per month rent, I will have a Net Operating Income of $11,626.80,,, Deb...

Just curious if anyone has ever got red flagged or a random audit from the IRS for their rental investments. I haven’t yet, but wondered what that experience was like. I keep good records, but hope I never have to go ...

Hey BP,I'm considering pulling the trigger on a duplex in my area that's currently renting for $700/side. I believe it can rent for $1100/side and my agent thinks it could go for up to $1300/side.If I paid $280k for ...