Ask David

Buying with a friend, Mortgage is paid off

Dear David, My friend and I want to buy a house together 50/50. I have a larger part of the down payment, but his income is higher. How should we approach this? – BUDDY SYSTEM DEAR BUDDY: With prices rising out of reach for many first-time buyers, this is a great way to get into

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Ask David

Rent Increase, Unsuccessful Buyers

Dear David, We own a rental property and just had a long-term tenant move out. Can we increase the rent? – LONELY LANDLORD DEAR LONELY: The quick answer is yes. As a residential property owner, the loss of a long-term tenant can actually be a good thing. When a client tells me their rental property

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Ask David

Finding Good Tenants, Irrevocable Periods

Dear David, We want to buy our first investment property. How can we make sure we get a good tenant? – NEW LANDLORD DEAR NEW LANDLORD: While no screening method is foolproof, there are steps you can take to help ensure that prospective tenants are good match. Imagine your ideal tenant and advertise where they’ll

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