All Forum Posts by: Gordon D.

@Lance Lvovsky @Phil Goodwin thank you!

Hello,

Back in Aug 2018 I purchased my first home (I currently live in a home that I don't own). This first home is my first dabble into real estate investing (and home ownership). It's located out of state and I have a property manager and it's currently rented.

I am trying to get an understanding of what I can write off, since this is considered a first home on the books for me, and first rental property. 

I want to preface that I will be chatting with my accountant but wanted to get an idea beforehand. 

I know I can write off mortgage interest. But here is a list of other items I came up with in my head that may or may not be possible to write off:

• Lawn care and similar (such as power-washing services)
• Home owners insurance
• Property management fees (tenant placement and monthly)
• PMI (don't have it but curious)
• Home warranty (and claim fees)
• Electric and water (while it was vacant)

Are there any other possibilities? 

Thanks for helping out this greenhorn.

Hello,

I am in the process of purchasing my first rental property (30 year fixed). I have pretty good credit and no debt currently. This loan process was pretty easy because of no debt. My plan is to purchase another property in a year or two if I get decent returns renting this property. I know there will be some challenges etc.

For my second loan I am thinking about on what that process would be like.... 

Lets say I was in a position where the mortgage was being covered by a renter. And I was earning 10%. What does the bank look for in order to get a second loan. What are some other loan options I should be looking at as well?

Thank you

@Brian D. Beatty thank you I will do some research, appreciate it. 

Hello,

I am looking for a property management company that serves the Valrico area. Does anyone have any recommendations?

Thank you

 Thank you!

I'm new to BP and REI in general, but I've noticed several posts mentioning class B and D areas, etc. How are these measured?

I'm a software developer and day trader, looking to get my feet wet with REI

Hello All,

I am new to REI, just signed up today for BP today. Currently in the research phase, looking to purchase my first property in Tampa and looking for connections in that area. I currently reside in NY.