Davion Malwah
Is this realistic?
I was doing some newbie number crunching and came up with this:
50 Units $1,000.00 per unit
Gross Monthly Income- $50,000
60% Mortgage,Insurance,Taxes,Misc.- $30,000
Net- $20,000
Are these numbers accurate?
Escamilla Escamilla
Lender trying to unlawfully default my loan
I bought my house a few months ago, and the lender, Loan Care, claims I haven't made any payments, and the original broker, Change Home Mortgage, says I also owe for 2 months, even though they sold my loan the moment ...
Sam Leon
Tightening up my lease agreements
I am reviewing my current lease agreement in preparation for a new tenant later this week.
Over the past few months I have a few occasions where I read discussions here where I noted to amend my own lease whe...
Jon Bachman
Calculating Cash on Cash Return (CCROI)
Am I calculating ccroi correctly? The monthly number makes sense to me, but the annual ccroi doesn't. The annual column is only multiplied by 12 to create the annual numbers, maybe this is incorrect. Someone rip my nu...
Bryan Crow
Managing the Manager... Property Manager questions
My property manager states in his contract that I can terminate our agreement by written notice anytime with a 60 day notice and a payment equal to 2 months rent. This seems excessive. A previous company I dealt with ...
Doug Dattawalker
Personal residence exemptions- time frames
Hi all,
I have a rental that used to be our primary residence. We moved out 3yr 2 months ago. So we have missed the 2 of the last five part of the rule. Is there a sliding scale for capital gains taxes for the next t...
Billy White
non rental payment and how to recoup it
If a tenant moved out and didn't pay their rent and damage your property,what can you do to get your money for non payment of rent and repair. Can you report this to the credit bureau.
Samantha Soto
Do you prefer a 15 or 30 year loan?
I'm curious to hear your opinions on 15 vs. 30 yr loans. Which do you prefer and why? Obviously cashflow is less on a 15 year loan in the short term, but you save so much on interest...can it be justified?
Kristopher Lamy
New investor looking at Residential investment
I want to get into real estate investing. An investment opportunity came across my table and i want to reach out to the seller to start dialogue, to see if its a good deal for me or not. But i feel as if I’m unprepar...
Mark Beekman
Sewer Backup in Condo
I'm looking at a 1,000 sq ft, one-level condo (2 beds, 2 baths). The condo was vacant for a month and sometime during that month there was a sewage backup. Now, all of the carpets in the unit are soaking wet, there's ...