All Forum Posts by: Dan Hess

@Natalie Kolodij very helpful thank you!

@Russell Brazil if we are buying under our own names wouldn’t all income (from day job plus potential real estate) all be lumped together?

My wife and I are looking for our first rental and went under contract but it fell through. So two questions:

1) Can we deduct inspection fees?

2) Can we deduct inspection fees for a home we didn’t end up purchasing as a rental?

We have not set up an LLC or S Corp at this time.

Thanks

Always open to new connections! Thanks!

 Raymond... thank you! Can I message you? Are you a broker? May be looking to move on this pretty quickly.

Thanks

Dan

Thank you! Guess I’ll have to look around locally for a different lender.

Hi all

looking at our first property, $153k townhome that will cash flow where we want... 20% down conceptual mortgage.

The lender we were referred to has the most competitive rates in Tampa right now (we are told) and quoted us 5.625%. I expected higher than primary residence but isn’t this really, really high in today’s environment? We both have credit scores over 820, total income over $400k and a very low debt to income ratio.

Feedback would be appreciated! Dan

This is really good info! It does seem tough to find a good deal right now that I can expect to cash flow well so I’m staying patient!

Looking forward to following your search! I live in Wesley Chapel and intend on looking for a multi-family to rehab and rent in the greater Tampa area (likely Pinellas or West Tampa. Good luck!

Congrats! I’m just getting started myself and I’ve looked at Jacksonville as I live in Tampa.

Question—> what areas of Jax do you find most appealing? Seems like high crime rates in the majority of available areas with potential BRRRR properties..

Thanks

Dan