Marty Davis
Newbie needs advice, I saw something I dont understand
I was at a sherrifs sale in november and saw a property with a sale price of 360k in 2005 (8 plex) which the bank was forclosing on. The upset price was 166k and no one bid. The bank got it for a dollar. This past Mon...
Brian Barfoot
How do you structure your late fees?
I'll start by saying: I know I'm too soft on the tenants. We have a late fee in our lease of $25 for rents that run 1100-1200 per month but it's a one-time fee no matter how late they are. I also have a bad habit of f...
Jerrad Shepherd
Looking for a good stopping point for acquisitions.
The wife and I have been buying properties in a few smaller towns in central Nebraska for the last 5 years. We are currently working on closing our 30th unit. We have 5 duplexes and will have 20 sfh. Our average re...
Peter J Donaldson
Yet another 2 out of 5 year Primary/Rental Ratio question (sorry)
Ok, I have read all the IRS publications and seen many forum answers on this basic subject and I THINK I now have an answer from IRS publication 523 but would like confirmation if possible as I think I have a quite ra...
Rick Albert
Selling Investment Properties to go Out of State
Hello Everyone!I have clients who are thinking of stopping investing in Los Angeles and begin looking out of state. This is primarily because CA/LA has not be kind to landlords during the pandemic. I was just curiou...
Mahmuda L.
Tenant eligibility regarding past eviction
My manager is asking if I (landlord) will allow prospective tenants with no eviction in past 4 years. I was thinking no evictions at all. But what's the acceptable and more common practice here? From a simple online s...
David Koopman
BRRRR why 1 year?
I'm new, have yet to do a deal, been studying the BRRRR strategy and have a newbie question: Why must I wait 1 year to refinance? Once the house is rehab'd, why can't I refinance right away? Does it make a differenc...
Rami Aweti
Irrational Decision?
Hello everyone,I'm a teacher by trade and small time investor in San Francisco. I've been looking for my next deal in the bay area, and while there have been some that might meet the 1% rule at best, I can't get my mi...
A G.
Tenant gave move -out notice while 1 month + 10 days remaining
Hi All -
Wanted to get some advice on a situation where a tenant (who is also real estate agent), have a notice of move-out (Dec 20th) which we only received today (post marked dec 5th), requesting that as per RCW 59...
Account Closed
First Cash Out Refi Deal
Hello BP, I'm currently working on my first cash-out-refi deal with a portfolio lender. The bank will give me 80% ARV with no seasoning period - just need a valid lease. My private lender is a close friend who is ch...