Shiloh Lundahl
Buy or not buy small multi-family at this time?
I am under contract to buy a C-class 12-plex in Tucson, Arizona for 680k (roughly 57k a piece all 2 bed/1 bath). Rents are currently $500 at the moment but market rent is about $725. I pay water and garbage. Here is t...
Johnny Quilenderino
Where do bad credit tenants go to rent?
I have a new client that is looking to rent, but has horrible credit. He had a major medical issue, he survived (his credit, did not), and now is making decent money on track to make 120k annually. Where do we send cl...
Vincent Chen
How hard to directly jump into median size apartment complex?
Read books and posts and talked with different investors and players.Just would like to know how hard to get finance or good deals for the investors with zero experience?Say,6~8 units complex? Would like to bypass th...
Matt Ess
Turning primary to rental as pre-plan for future 1031 exchange
Hello experts on the 1031 topic,I have searched many posts on this forum and have found lots of great info on 1031 exchanges. I have learned A TON, however I don't believe I found the right answer to my particular ...
Seavron Banus
Which phase of the market cycle is Jacksonville Florida?
There is a lot of talk about Jacksonville, FL as a "hot" market for investment. Forbes wrote an article in early 2017 which put JAX high on the list of good places to invest (based on job growth, unemployment, foreclo...
Mia Edgar
Tax on Capital Gains
I need some quick tax knowledge. I've currently accepted an offer of $760,000 on a property with a $655,000 loan. My real estate agent is getting 5% about $38k so I'd have $64,000 in capital gains. How much of tha...
Account Closed
House hacking - Sch E
I am currently house hacking and want to know what the best way is to maximize return on Schedule E. 1. Dividing expenses - I see some post saying that I should just divide the unit by half. In my case, my tenants spa...
Matt Stricklen
60K gap between average buyer and median home price.
"SmartAsset reports that the average Austin household can afford a home priced at $317,000.
However, the median home value in the area, ... is $378,300"Where do we go from here?faster rent growth?bubble bursting ? ( ...
Kyle Meyers
Move In Specials
Does anyone do move in specials for their rental units? I have been considering doing something like $100 off the first month's rent or maybe a lower rent for the first 3 months of a 12 month lease. Have you had succe...
Jennifer H.
700 credit score but has 3 judements?? VS 500 credit score and late payments on individual accounts but blames divorce.
Today I was so happy to get a tenant who got a score of 700 and smart move told me to ACCEPT her! I was thinking FINALLY this is over! But then after reviewing her credit closer I saw she has
3 judgements and...