Woo Hoo!

Givin' it another shot, guys?

Hey its great that you are thinking along these lines at an early age.  Check out some local landlord association meetings.  You can usually find a lot of knowledgeable people who are willing to share what they know at these meetings.

Don't be in a big rush to buy anything and don't jump on the first deal that is offered to you.  Learn what you can first then tread slowing into the deeper water.

Good Luck with your efforts.

Nope.  Most have barely scratched the surface.

I am looking for the best way to keep track of my rental property details. Free downloadable spreadsheet??

want 2 buy towards end of year sit on it  for about 2 years until market turns around and sell with that money want 2 start flipping houses for a career.im on  ssi  disabled   and worried about loosing my  check ass well so canty take any chances as in not making enough

We came across 2 things that seemed odd, but maybe it is normal.

first, they require that we have renters insurance. okay that is not weird. but then they let us know that they also have insurance on the property, and that on our renter's insurance we have to include them as additional insured. Does that mean that, in the event that something happens to our stuff in a fire, they get part of the money we get for insurance? Because that doesn't seem fair when they have their own insurance on the property.

second, they aren't really specific about it, but they say that if we move out before any "repairs" are made (by us) that would be necessary to rent the property out to other people, we have to keep paying rent until those repairs have been made. But this seems like they could just take forever to make the repair and keep charging us rent. Also, what if it is a repair that they should be responsible for. we are going to ask about this stuff at the signing.
we are going to ask about this at the signing, but i just want to know if it is normal.
i get the difference between their insurance and ours. I just don't get why we have to include THEM as beneficiaries of OUR insurance when they have their own. I mean, the insurance we get is just for OUR STUFF right, so why should they get money from our insurance as well?

I'm 20 years old and I'm looking for sources of information for buying real estate properties and renting them out. I've read many books and purchased many programs on the subject, but am looking for the complete deal. With subjects such as insurance, property management companies, loans, etc... I need a really technical resource with not a lot of fluff. The real meat and potatoes of the business. Thanks for the help.

I started living in and renting from my mother-in-law in December 2007.  She is asking for me to pay her property taxes in the amount of $2200 in April 2008 & again in November 2008.

Aside from not giving me advanced notice to pay this for her, wouldn't she qualify for some kind of write-off that would benefit HER and not ME?

The rental is in California and she lives in California.  Anyone out there that can tell me in simple terms... I don't know what "schedule E" means, so I'll need lay terms please.

I am willing to pay more rent to cover her cost, but I just feel like I'm getting the short end of the stick here.  Please set me straight!

What he needs to do is go to someone that buys houses in shape like this, usually they find you when you go on forclosure list.  Then, he needs to sell the house to this person that comes in and use the money to pay the loans.  That's what my parents had to do, this guys credit is already ruined from not paying, but that's his best option at this point.

I live in Minnesota, and I moved into a house for a friend that had renter issues.  I offered to move in, and for the past two years have been paying the rent.  With me and the people who live here, I'm positive we are giving him more than enough to pay the mortgage.... 

The other day there was a lady who stopped by to inform us that this house is on the verge of foreclosure. 

I understand it's time to find a new place to live, but what are my rights? Do I have any?  I'd love to stay here, but I certainly don't want to buy it to do so.  Any suggestions, please help?!?