12 February 2026 | 9 replies
I was trying to avoid the double close since that's probably going to incur more fees plus the fact that I wouldn't have enough funds in the IRA to cover the first close.
11 February 2026 | 11 replies
For a first multifamily, underwriting conservatively (in-place rents, realistic expenses) helps avoid surprises.MLS access is a big advantage, but I’d also talk with listing agents early and identify backups in case a deal falls through.
12 February 2026 | 3 replies
Even though the house is in your name, the money came from your parents’ HELOC, so it should be treated as a loan rather than a gift, ideally with a simple promissory note and reasonable interest to avoid IRS issues.
19 February 2026 | 19 replies
HELOCs add risk with variable rates—best avoided at your stage.Bottom line: keep the current home rented, buy a second income property, and maintain a 6–12 month expense reserve.
11 February 2026 | 9 replies
- Get most recent bank statement to cross-reference payroll deposits and avoid fraudulent paystubs & W-2s!
16 February 2026 | 19 replies
I don’t think this is so much about making the perfect choice as it is about avoiding a choice that boxes you in.
6 February 2026 | 11 replies
Always ensure the guest or airbnb initiates the cancellation to avoid the penalty, and in this case you definitely deserve the booking revenue.
17 February 2026 | 6 replies
Yes, you can avoid submitting income documentation, as a DSCR is an asset based loan.
12 February 2026 | 22 replies
Many landlords site cost savings for DIY management.Others are correct in stating, "no one will manage your property like you", which can be both good & bad.DIY Management Strengths- Immediate decision making- Monitoring EVERYTHING as only a few doors- Relatively easy on Class A rentals, progresively gets harder with CLass B, then C, then DWeaknesses- May not have time to consistently monitor what's important- May not have the expertise to avoid Fair Housing issues, professional tenants, etc.- May not have the systems to avoid major issuesPMC Strengths- Multiple admin staff to better handle workload- More expertise (if you hire right PMC)- Have the "density" to invest in systems to get rentals more marketing exposure, better vendor pricing, better tenant screening tools, better delinquency solutions, etc.Weaknesses- May not pay attention to same metrics as owner- Getting more & more difficult for one person to know everything about 100+ doors- Bigger companies=> more red tape and right hand not knowing what left hand doing
13 February 2026 | 5 replies
That keeps you legally protected if things escalate.This is a tricky spot, but sticking to the lease rules and proper notices will help you avoid complications if it goes to court.