1
vote
1answer
105 views

Need exit strategy for aging mother who owns aging rental properties, please

I'm terrified for my 71-year-old mother's immediate future. She owns 12 residential rentals. We desperately need an exit strategy but she owes as much as or more than market value, and cannot afford ...
1
vote
1answer
52 views

How do I determine capital gains tax on a vacation property for 2014?

In 2003, I bought a property in New Jersey for $465,000 to use as a vacation home. I'm planning to sell it, and I think that I'll get around $685,000. I rented it out for several weeks the first year ...
0
votes
3answers
505 views

Is a broker's fee equivalent to one month's rent reasonable in San Francisco?

Friend and I are looking to move from elsewhere in the Bay Area to SF, found a decent option in an okay location. Have been attempting to negotiate with a broker on the rent, and he surprised us by ...
5
votes
1answer
499 views

Is a lease still binding if not all of the parties sign it?

My wife and I were leasing a house with another couple. Two weeks into the lease, the other couple left in the middle of the night and we have yet to hear from them. My wife never got to sign the ...
1
vote
1answer
92 views

What are the tax rules of owning a vacation rental property?

I am considering purchasing a vacation property and renting it out for a majority of the season. Best case scenario I could generate about 50% of the annual cost (mortgage, tax, utilities, ...
8
votes
4answers
5k views

Landlords: what's the maximum amount of time to allow a guest of tenant to stay in a rental?

As the title says, but with these details: I have a rental unit; this situation has come up with a potential tenant. This tenant has an adult daughter, who, the tenant volunteered, has an unstable ...
4
votes
3answers
864 views

Is there a formula to use to analyse whether an investment property is a good investment?

How do I determine the real cost of buying an investment property over time considering rent, interest, expenses and capital gain? I know there are many factors at play but is there a generic ...
4
votes
1answer
2k views

How does a real estate agent get paid when they're helping us find rental properties (in the US)?

My wife and I are looking into moving to a new area and would like to rent initially. It would be good to enlist the services of a local real estate agent in the search for a good rental property as ...
6
votes
6answers
227 views

Is it a good idea to buy a house with a low ARM monthly payment, then rent it out?

I'm looking around for houses in my college town to rent to others, and I've found a decent 4-bedroom house with an interest-only 5 year ARM monthly payment (of $1700). Assuming I have enough to ...
16
votes
7answers
6k views

What is a good rental yield?

If you are thinking of buying a property for investment purposes, what is a good gross yield? I've been told you should take 3 zero's off the price of the property, so if a property is worth 400,000, ...
12
votes
1answer
241 views

At what point did my former primary residence become an income property?

Last year we bought another house (and moved into it as our primary residence). Rather than sell our previous house, we opted to keep it and rent it out. Since the tax treatment for rentals is ...
2
votes
1answer
257 views

Can I refinance a rental property that is currently only 75% loan to value?

I have two separate rental properties that each have a LTV of about 75%. I'd like to leverage these properties to buy another investment or rental property so I am considering refinancing with cash ...