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21 January 2025 | 10 replies
Your question has been debated between BP tax experts both privately and publicly, for example here: https://www.biggerpockets.com/forums/51/topics/819991-expens...And we ended up where we started: no consensus and no clarity.There have also been court decisions that support my interpretation, even though I personally find these court decisions debatable.
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27 January 2025 | 4 replies
For example, the buyer, if they find problems with the property or stop making payments, can blow up the seller's credit.
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15 January 2025 | 11 replies
I have looked for examples of landlords that were protected by their LLC and always come up empty handed.
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21 January 2025 | 20 replies
Example: $500k home sales price, typical buyer agent commission of 2.5%, meaning buyer agent commission is $12,500.
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8 February 2025 | 14 replies
Texas and Ohio, for example, can be great options.
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18 January 2025 | 5 replies
For example:($650k) property value - ($150k) Land value = $500k / 27.5 years.That's $18k in losses you can deduct against your rental income.
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17 January 2025 | 5 replies
My electrician sent me an example.3.
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19 January 2025 | 9 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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17 January 2025 | 28 replies
For example, it may be 20% off (retail only not on price discounts/clearance unless specified) but then 3% CC payment fee or ACH fee.
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20 January 2025 | 3 replies
For example, providing a heating source for your tenant is your responsibility as the landlord.