Harrison Goldblatt
Is it possible to get a HELOAN on an investment?
Hello,
I had a W-2 up until March, but recently transitioned to full time real estate investing.Is it possible to get a home equity loan based on DSCR? (or otherwise?) Las Vegas NV 89142investment, rented out by sect...
Sara Hanson
Student Rental - How many students based on septic?
Hello,I am a new invester, and have had quite the rocky start. We've been housing students in some spare bedrooms for almost 2 years now in our own home, and an opportunity came up to purchase a house 1 house down fr...
Khizer Husain
Seller Carry 2nd position
I am doing some commercial deals and the seller will be carrying about 5% in 2nd position, is there any risk by not telling the bank or lender about this? Some lenders have various rules and it complicates deals. I am...
Alon Trappler
Closing on my first investment next week (OOS)
closing on my first investment in a couple of weeks. Location: Columbus, OhioLayout: 2 side by side separate units, each 6BR/2BACurrent Use: Airbnb STRI will be inheriting the future bookings through end of April, but...
Vincent Carroll
Security deposit and cigarette odor/violation of nonsmoking
Greetings,My wife and I just got rid of our first (inherited) tenants, thankfully (we did a non-renewal of their month-to-month lease). However, they were on a nonsmoking lease (with the prior owner as well as the new...
Justin Gonzalez
Lease written in English and a Spanish speaking Tenant
I recently purchased 3 unit / flat in Burbank IL (Chicago Suburb) and I inherited tenants that are month to month. My town has just changed their laws requiring leases for every rental unit with a yearly $20 permit. I...
Tim V.
False creditor information ruined my credit score
Spoke with my bank today about financing my next real estate purchase. On my credit report was an apartment complex where I broke the lease but paid all early term fees. I have all information saved luckily on Feb 22 ...
Sue K.
Deducting travel expenses in property searches
What expenses are deductible when traveling out of town to look for investment property? What evidence must you provide IRS that it is a legitimate search for property?
Wesley Pittman
Acceptable "Receipts" for Tax Audit Purposes
Hi,Right now I only own one investment property and find myself already spending more time than I would like cataloguing my monthly utility receipts for the property. I deduct these expenses and want to have proof of ...
Justin C.
Contacting property owner after purchasing a lien
I purchased a tax lien on a piece of property located in my state (MA). It is my understanding that I need to contact this person to inform them they should pay the back taxes and interest owed to me. Is that correct?...