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1 February 2025 | 0 replies
As well as financial statements.
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5 February 2025 | 4 replies
But ya have to make some educated prognostications in life.Add this to the information your processing - What your talking about doing is eliminating around $4000 or interest expense (which is deductible anyway so really could be a real impact of eliminating $2800 or so) of debt in exchange for paying over $10K in capital gains tax (don't forget possible state gains tax as well).
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8 February 2025 | 10 replies
Exposed wire are a safety hazard and if they where missed by inspection you may be able to complain as well.
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7 February 2025 | 31 replies
Head over to bank rate or and take a look at the mortgage calculators, plug in the numbers and get an idea of what the property needs to generate to satisfy the intended debt.You still have to underwrite the deal for the non-finance expenses as well(typically 40-50% of the gross rents).
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12 February 2025 | 6 replies
MD/VA licensees are common, having a WV license as well as the other 2 isnt that common in the area.
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4 February 2025 | 24 replies
Quote from @Robert Ellis: Quote from @Damien Davis: Hello BP Community,I'm a rookie investor, only have one deal under my belt (Long term rental) and it's been treating me very well.
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6 February 2025 | 1 reply
.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.
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8 February 2025 | 21 replies
@Cosmo DePintoThe BRRRR is alive and well.
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19 January 2025 | 10 replies
Does not affect your debt to income for future loans in the mortgage industry (auto loans could look different, but i would think similar so hopefully no worries there).
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7 February 2025 | 40 replies
This is extremely unfortunate and I think the name does not match their product, but there will be many others out there that do the same - so what can we take and learn from this as well?