dragonfly asked:


I am renting my home for the first time. I did draw up a rental agreement,which has yet to be signed since the first and last month’s rent has yet to be paid. The agreement was,first,last and I would waive the security deposit in trade for some minor repairs on my home. This was all agreed to. The first and last months rent comes to $1300. So far they have paid $650,which I have given them receipts for. We’ve gone over the contract,but since they’ve not moved in,it hasn’t been signed. It’s been almost a month now,a few things have been moved in,and they’ve turned on the utilities,etc,so they can do some work,which so far nothing’s been done,more money was supposed to been given today,and now the cell phone is off and can’t get ahold of the person. Can I just put a rid to vacate on the door? I mean,they haven’t moved in,haven’t signed a contract or anything. Don’t know what to do,or what the legal ramifications are or what to do,any help? Thanks!!

Trade Your Home

Teufelhunden361 asked:


I just bought my first home in April with an 80/20 ARM. I intend to refi this coming April but would like to start looking around for an investment property, such as another townhouse to rent out. I’d prefer to find such a rental that already has tenants in it. Now, I don’t have much cash to put into buying the investment property, so it’ll more than likely be another 80/20 ARM. I’m okay with that, even if the rent I charge doesn’t cover the mortgage and taxes (I can float a few $100′s each month to cover the gap). I’m looking for the tax break I’ll get with it (even though I’m not too sure how much of a break a second property will really give me on my taxes). Another idea I’ve had with this is to open my own “business” so I can’t be sued personally (God forbid someone wanted to do that). If I do that, can I get better tax breaks for having a business while I still work full-time? Read More....