Comments for Rental Property Investing

Comment on What is a Short Sale? Here is an Overview of the Short Sale Process by Cass

Cass — Mon, 20 Feb 2012 18:34:26 +0000

I had a bad experience with the short sale process a few years ago. Basically the lender pulled out from my offer at the 11th hour, I believe because they got a better offer at the last minute. I think that working with someone on your side with a lot of experience in short sales is probably the most important success factor.

Comment on 6 Steps Before Calling the Letting Agents by Dad

Dad — Mon, 20 Feb 2012 18:31:56 +0000

This is a good overview. I’ve not heard the term letting agents before but the general concepts are spot-on.

Comment on Why Investing in Rental Homes Requires a Philosophical Shift by questionchick

questionchick — Mon, 20 Feb 2012 18:30:02 +0000

I heard that Robert Kiyosaki is a fraud – a “front man” for a silent investment group. Anyone else heard or can confirm this?

Comment on Landlord Tips for Section 8 Housing Inspections by Cheri

Cheri — Mon, 20 Feb 2012 18:28:02 +0000

I am a section 8 landlord and I hate the inspections. Everything else about it rocks, but the inspection – especially if you have a nit picky inspector like I do – is a royal pain in the you-know-what. But overall it’s a decent strategy.

Comment on How to Show Rent to Own Homes by cleatus jones

cleatus jones — Mon, 20 Feb 2012 18:25:54 +0000

Wow, great idea! I never even thought about rent to own homes in the past. I’ll def. be looking into this going forward though!

Comment on Optimizing Rental Property Income is a Key Part of Your Strategy by Sammy

Sammy — Mon, 20 Feb 2012 18:24:11 +0000

I have to disagree with the author that any aspect of rental property can be considered passive income. It is definitely not a “set it and forget it” type of investment even with a property manager.

Comment on Foreclosure Investing is Much Safer with REO Properties by Ant

Ant — Mon, 20 Feb 2012 18:22:21 +0000

My brother-in-law just bought 2 REO properties at a sheriff sale in Philadelphia. They are row homes in one of the Hispanic areas of the city. He got one for $20K and one for $25K. Property taxes are only about $500 annually. What a deal!

Comment on Rental Property Depreciation: the Gift that Keeps on Giving by angus beefman

angus beefman — Mon, 20 Feb 2012 18:20:15 +0000

I always found it odd that you’re forced to take depreciation. I can’t imagine a scenario where you wouldn’t want to take it anyway, but it seem strange to force it. That’s the gov’t for ya!

Comment on How to Maximize Your Rental Tax Deductions by CJ

CJ — Mon, 20 Feb 2012 18:17:19 +0000

Great stuff here! I just stumbled on your site. I was looking for info about rental tax deductions and this is the best I’ve found. Good job!

Comment on Investment Property Attorney: Necessary or Just Nice to Have? by Frankie

Frankie — Mon, 20 Feb 2012 18:07:22 +0000

I think the author is correct that the need to have a real estate attorney really depends on your state of operation. In my state (OR) I must use an attorney unfortunately.