All Forum Posts by: Sandeep G.

All,

My property is up for a new lease and i am in the process of renting it to the next tenant. I have just screened candidates through zillow rental manager and shortlisted 2 potential renters.

1) An attorney with a rent to income ratio of 4 (rent is 2.5k, income is 10k). lives with  a partner who has his own business (apparently making above 5k a month). Concern: can attorneys potentially screw you for the slightest reason? should i be concerned about the partner and his varying incomes?)

2) A family of 3 (husband is manager in a logistics company with income of 4k, wife not stable job with income of 1.6k and a young kid). Concern : with recession looming, if husband loses the job, not sure wife alone can pay rents smoothly every month.   

I am not in the same state as the property anymore and both are extremely keen to take the lease for more than a year but i am struggling to decide between the two candidates. can you guys share your thoughts to help me decide ? 

Different qn : what is the usual policy for pets (cats/ medium dogs)? do i charge monthly or 1 time pet deposit) ??

Thanks a lot.

Hello, 

I currently own a town house in the Portland area. i rent out a portion of my primary residence to 2 other roommates who pay me rent.

I bought the house in 2018 and did a few improvements/paid HOA/utilities for the year. How should i be claiming taxes for this income for my situation and 'maximize' deductions? any claims/methods to be aware of ? (I know a CPA would be best, but i am looking to pick some tips before i go to one)

Thanks.

thanks @Account Closed!

hey @Douglas Skipworth i'm looking to buy a small apartment complex (10 units ) for around $250k. The problem i'm facing is that most banks require a min of $500k to originate a commercial loan.

on a side note: are there other creative ways of financing such deals? (hard money, private lenders and owner financing are not an option)

@Justin Young hey Justin, i am on the same boat now and just wondering which lender you ended up using. any leads ? thanks

great read. congrats on all the success that you've had!

Hi, 

I am looking to build a rental portfolio this year and was looking for some referrals for a good CPA and attorney who are real estate savvy.

i have tried to find some online, but none are real estate-friendly. any suggestions?

Thanks

Sandeep

@Randy Johnston any idea when and where these meetups take place. i would love to attend and connect with some investors/realtors.

Thanks

Sandeep

@Account Closed noted! thank you.

need to understand and explore those financing options for sure. whats the best way to learn these in detail? 

@Erin Legler 100k - 135k for a quadplex??? i never came across one.

can you tell me what areas were these in? i can check redfin