Terri Dyer
Will property qualify for 1031 exchange and can I take some $ out
We bought a property in January with cash. We were planning on renting it and had a couple tenants fall through. Now spring has rolled around and we saw what local houses were selling for and decided since we didn't...
Soo Y.
Playbook for Foreclosure with Owner Holding Over in House
A couple of questions for those who dabble in sheriff sales and foreclosures:1. What is your playbook when the existing owner still lives in the house after you win at auction?2. If you do cash for keys, how much do y...
Account Closed
Your Profit and Loss Report is your Resume!
Your Profit and Loss Report is your Resume!I know that when we are new to this business, we are hesitant to spend more money than we think is necessary, after all, we have spent a ton of money on the rental home and g...
Mark Davis
What problems have you had with your Property Manager?
My co-worker was complaining about some issues he was having with the manager of one of his properties, and I thought it would be a good topic to bring up here. What are some problems that people have had with their ...
Brian Zaug
Section 8 is now a protected class in NY
My agent just emailed me this news. "Lawful source of income" is now a protected class. Just a heads up to NY investors. I could see a lot of discrimination lawsuits because if this. My local craigslist is loaded...
Anthony C.
Tips for New Investor
I am closing on my first property in a couple weeks. It is a fully occupied duplex in Rochester, NY. I plan to self-manage and eventually house hack once one of the leases expires.I would love to here any last minute ...
Radwan Safa
Tenant Social Security Income
I finally purchased my first investment property and am in the tenant screening phase for one of the two units. The property is a duplex , 3br/1ba per unit, in a C class neighborhood. Rent is $995 with a minimum qua...
Brady Boyer
Tenant Screening Diligence when buying
I have a 4 plex under contract in York, PA and currently all 4 units are leased. As part of my diligence I requested the credit checks, background checks, and rental applications from the current landlord. He refuse...
Andrew Larson
Introducing myself. New aspiring investor in WA state.
Greetings, my name is Andrew. I am a husband, father of two, electrician (for now) and aspiring real estate buy-&-hold investor. I have been working on my first investment, my finance and real estate education, fo...
Rich C.
Roommate Switch Out - Pet Fee Return?
I have to perform a roommate switch out in one of my properties. The tenant lived there 3 months and paid a non refundable pet fee. I am trying to figure out if I should return a prorated amount or keep the fee. An...