Chris Burke
Convert Primary Mortgage to DSCR on rental property?
8 October 2024 | 7 replies
Its the closest thing to free money there has ever been in our history.On 390k and 3%, your principal paydown is probably 700 to 800 a month.
Account Closed
Difficult tenant move out- recommendations?
8 October 2024 | 8 replies
Is there any flat fee lawyer in Chicago that can help me file this?
Sally Alcala
Breaking Up with Property Manager Frustrations
11 October 2024 | 7 replies
If you don't have the money in your hands on day 46, I would call them and demand they transfer the funds immediately to the new PM or you will file a complaint with the state: https://www.dre.ca.gov/consumers/filecomplaint.htmlThat should motivate them to move immediately.
Rob Carmody
Best Way to Deal with Squatters/Break-In's
8 October 2024 | 5 replies
The legal method is to file for an eviction and slog through the time-consuming court process.
Joshua Thang
Appraisal Report Bedroom Count is Different from Actual Number of Rooms
10 October 2024 | 14 replies
I don't know if the property was originally built as a 2 bedroom and somewhere along the lines another bedroom was added but not recorded for whatever reason.I had to file revised plans for my own property when I found it was not in accordance with county records and the changes would have to be approved.
Tyler Sherman
Thoughts on these Airbnb messages
11 October 2024 | 16 replies
Prior to booking you cannot share any media files.
Frankie Paterno
What areas are currently cashflowing
12 October 2024 | 25 replies
I'll assume no principal pay down and simplify by assuming the next property will also cost $400,000.
Melanie Baldridge
If you want to be a real estate pro, you need to understand the TERMS:
9 October 2024 | 1 reply
But knowing its value is key for taxes.IMPROVEMENT VALUE:This is the value of all the upgrades you make to your property – like a new roof or an updated kitchen.These improvements can be depreciated, which means tax savings for you.3115:Filing this form can allow you to claim missed depreciation from past years.Basically you are letting the IRS know that you are moving from the standard deduction to an accelerated deduction.RECAPTURE:It's payback time!
Sonny Sacks
Using FHA, USDA, or 203k
9 October 2024 | 10 replies
With higher price points, you have bigger principal buy down.4.
Patty Mac
put siding on in 2023, but paid in 2024
8 October 2024 | 4 replies
Hey @Patty Mac, I recommend commissioning a tax pro to help with your filing and ask them this question.