All Forum Posts by: Ricardo Torres

Hello!

i have 1 primary residence (Listed as my primary but I rent this place out) and 1 rental property (listed as an investment property on the loan).

My gf also has 1 primary residence which we both live in.

If our goal is to buy a primary residence where we both live and rent out her primary residence, does she have to change her primary residence to a rental property so her taxes are files correctly and would there be any tax incentives making this change as well?

Also, another question i have would anyone recommend doing the 95 conventional loan option or just using the equity from my first primary residence for the down payment?

thank you for any feedback

Hello! 

i have 1 primary residence (Listed as my primary but I rent this place out) and 1 rental property (listed as an investment property on the loan).

My gf also has 1 primary residence which we both live in.

If our goal is to buy a  primary residence where we both live and rent out her primary residence, does she have to change her primary residence to a rental property so her taxes are files correctly and would there be any tax incentives making this change as well?

Also, another question i have would anyone recommend doing the 95 conventional loan option or just using the equity from my first primary residence for the down payment?

thank you for any feedback

Just bought a duplex in spring hill, Cashflow $600 per month. 30-45  minute drive to tampa 2 hours from Orlando

Tenant left in 15 days, minimal damage to the property. Just one hole in the wall and a dead mouse in a drawer. im kidding about the mouse. lol thank you

@Adam Martin  The original landlord didnt collect a deposit from him. im not going to fight him on the rent for 15 days because i dont want to risk him damaging the property when he leaves. Florida is 15 days for month to month leases. 

@Wayne Brooks I agree with you, but its not obvious for ignorant tenants. 

@Wayne Brooks thanks for replying. 

1.Im going to deliver a notice letter and provide the 15 day notice.

@Scott M. 2. I know they have to but what fl. statue or other evidence can i reference to support this claim? I bought the rental with the existing tenant, so i didnt create the original lease.

Im still learning the ropes.

i provided my tenant 15 days to vacate the premise because hes on a month to month lease.

The tenant is confused as to why he has to pay his last 15 days remaining in the property. What evidence do i have to support he has to pay the last 15 days?

thank you

yes do it, check local fb groups and youll see the demand in college park. I rent per room as well.

@Kelly I. Hello I would like to attend, thanks