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Results (10,000+)
Darrick Lowe How to split heat and hot water amongst tenants?
27 September 2024 | 14 replies
I pay the bills and factor that in their monthly rent.
Lilly Fang For flip, should I have an LLC or just as an individual? What about BRRR?
25 September 2024 | 5 replies
If you need an S-Crop depends on many factors: FICA wages/income and net profit.LLC doesn't save any taxes in BRRRRR.
Justin D' Apolito Financing for STRs in the Pocono and Catskill mountains
25 September 2024 | 5 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
Joe Morello "Price Improvement!" - Is it really?
25 September 2024 | 0 replies
Understanding Price "Improvements"In the world of real estate, pricing is a critical factor that influences both the attractiveness and the competitiveness of a property.
Cindy Auch Is interest received from fix & flip loans subject to self employment tax?
25 September 2024 | 9 replies
As others have pointed out, interest income from a partnership can be classified as either "portfolio income" or "ordinary business income," depending on factors such as the nature of the partnership’s activities, the number of loans, and whether the interest is incidental to your main business or a core activity.
Brie Schmidt HELP : Chicago zoning mess
26 September 2024 | 14 replies
It popped back up on Redfin this morning, however, it did that a few weeks ago and then disappeared.
Srinivas Bondada New Member Help
25 September 2024 | 13 replies
Factors like population growth, job market, rental demand, price-to-rent ratio, and local economy are crucial.
Dina Schmid Buying Parents' Home - Ways to reduce costs and hassle?
26 September 2024 | 10 replies
(We're aware of the five year look back period for Medicaid eligibilty but it's not a big factor in our decision to do this.)We would get the house appraised so we can document paying FMV.House would be purchased with cash (it's a small home in a rural area and value is low)Inlaws would sign a lease so that it becomes a legitimate rental and we can deduct expenses, etc.
Chris Schwartz How To Price Home?
24 September 2024 | 5 replies
These questions might play a factor on price as well. 
James Khail Anywhere near Seattle where townhouses sell for less than 550k?
23 September 2024 | 1 reply
I just spoke with an investor this morning who lives in Lakewood Washington.