10 October 2024 | 0 replies
Since the Internal Revenue Service (IRS) doesn’t consider child support taxable income, I would not consider it in the rent calculation unless you have a HUD-specific home.According to hud.gov, “[rental property] owners must count alimony or child support amounts awarded by the court unless the applicant certifies that payments are not being made and that he or she has taken all reasonable legal actions to collect amounts due, including filing with the appropriate courts or agencies responsible for enforcing payment.”So, does child support count as income for renting?
6 October 2024 | 3 replies
What was supposed to help the market, just went the wrong way. Yes, I understand why, but that doesn't help matters.
"The average 30-year fixed-rate mortgage rate jumped 27 points from 6.26 percent to 6.53 percent on...

8 October 2024 | 22 replies
Actions determine whether you have cause to terminate an agreement, for example not paying the rent.

9 October 2024 | 2 replies
You hope either (1) neither lender finds out and or (2) neither lender decides to take action if they find out.Second, you make up the difference in equity with either (1)cash (2) 2nd mortgage loan with the owner with less equity giving to owner with more equity and/or (3) trading something else of value, such as another property, car, RV, etc.

12 October 2024 | 25 replies
A buddy of mine was able to scoop up a couple of duplexes downtown for under $200K each, and they’re already cash flowing nicely.For Phoenix specifically, I’ve seen a lot of action in Downtown Phoenix and Paradise Valley Village, where investors have found strong tenant demand.

8 October 2024 | 5 replies
It took me a couple of years to finally take action and start my real estate investing journey, but I continue to use BP as my #1 go-to resource.

6 October 2024 | 4 replies
The good news is that the financial metrics you've read about are universal and not at all country specific.The bad news is that Germany may just not be a good cash-flow market, compared to the U.S.But then, few markets are.That's why you find so many Germans and Australians and Spaniards and others trying so hard to find great deals in the U.S.And, even in the States, there are plenty of sub-markets where properties routinely fail the so-called "1% rule."

7 October 2024 | 16 replies
The wholesaler that I went under contract with has taken legal action against the original seller.
8 October 2024 | 5 replies
Your state likely has a similar statute, which may enable you to simply filing your complaint for removal with the sheriff's office or by filing a legal action in court to remove them.

6 October 2024 | 33 replies
When someone presents to "tap" Private-$ we want to do as little thinking as humanly possible, that's to say the burden is on you the proposed borrower to present a complete, detailed "pitch" outlining the allocation of every cent, contingencies, time-lines, data supporting each action item.