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11 October 2024 | 8 replies
Hello BP members, I have a prospect who has applied for rent for one of my SFR rental but during my processing of the applicant. I found the new job the prospect was hired for (Provided me with a job letter stating th...
15 October 2024 | 6 replies
We are concerned that the new interest rate will create negative cashflow on the rental.
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15 October 2024 | 14 replies
@Adolphus Fletcher Like others have mentioned, gaining a non-recourse loan is a challenge unless in some cases where the loan is a commercial style loan of $5MM+ and the borrowing entity has strong income & assets to satisfy the lender's concern tied to the guarantee of the loan.
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17 October 2024 | 4 replies
Most tax professionals do not advise their clients to utilize this approach and it may raise concerns under IRS examination.
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16 October 2024 | 8 replies
We’ve had 6 showings in the past week alone, which is already a lot, but the most concerning part is what’s been happening during these showings.Here’s the real kicker: there have been showings (with prior notice given) when we weren’t home, and my cameras caught prospective buyers entering unaccompanied—no realtor, no landlord, just strangers walking into my occupied home.In one instance, my husband happened to be home and answered the door.
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15 October 2024 | 3 replies
In any case there is no taxable event yet.As far as your brother is concerned, it again depends on the nature of the transaction.
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16 October 2024 | 8 replies
Meanwhile, your expenses, like debt service, taxes, insurance, and maintenance, continue.Another concern with investing in disaster-prone areas is the high cost of insurance.
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15 October 2024 | 26 replies
What are the concerns?
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15 October 2024 | 5 replies
That was actually my concern, getting the type of tenant that don't destroy the property.
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15 October 2024 | 4 replies
If it is/was an automotive repair business I'd be concerned about underground storage tanks, surface contamination, etc.