There are a plethora of investors with years of experiencing on this site and I was hoping to glean some knowledge. I have one single family home rental and I am currently looking to acquire a small multi-family prope...
Hi all, got another question as I’m preparing to step up to multi family. What options do I have in terms of required experience?Background: I built up a portfolio of 10 SFR plus one triplex when I lived in Atlanta. T...
Hello All,Is it possible to by pass the self sufficient test when buying a 3 or 4 unit property? I was approved for an 800k FHA loan based on my income alone. Rental income was not included when calculating buying pow...
I am purchasing a 12 unit building in about a week and wanted to make sure I am making a good choice with my insurance policy. Coverage seems adequate with this policy but I am struggling to fully understand all the ...
So we had our monthly auction in Texas yesterday and one of the deals we had tied up got auctioned off. Apparently the seller had been served notice at the property he was selling to us instead of his homestead. My ...
The policy I was quoted has a 10,000 limit for backup or discharge of water. I'm concerned about a pipe bursting and ruining the floors, drywall, and kitchen cabinets. Do you think 10K is sufficient? What is the norma...
Need to close escrow on a transaction on Monday, October 13. It happened fast. And I need a new LLC to take title with. If I reserve a name officially, can I use that even if the rest of the process is not finished?Pl...
As some of you already know theres many wonderful advantages of owning real estate come tax time. For example, I’m able to show a rather small profit on each rentals due to depreciation and other expenses even though ...
Are email and text messaging sufficient for contacting my evicted tenants to let them know that they will not be getting back their deposit? They are in the habit of moving without passing on their address.
Have emai...
Recently passed on a home that needed only light "ginger breading", along with a new A/C unit to bring it to market. While this sounds great at 1st, and might be just the thing for turning a home into a rental, my fea...