All Forum Posts by: Amol Shanbhag

I have 3 single guys living in my rental house and are on my lease. (joint and several, meaning all 3 responsible for full rent on the lease)

Lease expires soon and new lease needs to be signed, but 1 guy wants out in the middle of the new term and other 2 say they will find a third and keep paying full rent until they do. What is the best option:

1. sign a new lease with all 3, then swap out the name of the person who is leaving

2. sign a new lease with just 2 of the 3, then add the name of the new person who is joining

3. sign a second lease with the 3rd person (if I find I can charge more than they can)

I would love to get someone to wholesale a deal I am involved in Seattle. Let me know

Hi there, I happen to be pretty well connected and also the president of a condo board in a very desirable community in Seattle. I know one of the owners is selling and I have a friend who wants to buy. The seller wants 280K, the buyer will pay upto 320K, what is a good way for me to get in the middle of this. (Note I dont have an agent license yet)

Commission deal?

I buy the place and then sell the contract if that makes sense?

Want to know pros and cons of disclosing rental income on taxes and taking the depreciation benefit

Is the benefit even applicable if it is just the month of December?

Does it matter if you show more than one property on taxes to get loans against that income in 2 years?