Gloria Mirza
how do capex effect DTI?
22 November 2017 | 6 replies
.- Any expense on line 18 "depreciation" can be "added back" to income no questions asked (your new roof being depreciated over X years being a good example), meaning that it will have zero impact on your DTI.- Any expense on line 14 "repairs" can only be added back with a bunch of supporting documentation matching exactly & based on a human underwriter's judgement call on the "one time" nature of it (and how that underwriter's mood is on that given day) on a one-off basis.
Francis Dinh
Seller mistake lead to cancelling the contract
21 November 2017 | 15 replies
Attorney fees can be added to the compensation your demanding.
Ryan Stevenson
What did you do wrong on your first flip?
23 November 2017 | 15 replies
So, I had to rip out the large tub with a sawzall, get rid of it, put up bead board around the wall where the tub was, all the night before listing.
Neal Collins
Managing multiple portfolios with Appfolio
27 November 2017 | 3 replies
@Neal Collins I spoke at length with AppFolio because I don't have enough units to use the platform (50 minimum are needed), and my broker told me I can be added as a property manager and manage my portfolio separately, but after we looked into the system and how it would work for handling funds, they said that even though you can have separate property managers manage separate portfolios, you cannot have separate bank accounts.
Marc Jackson
Which property should I pay off first? Need help with analysis.
13 December 2017 | 17 replies
This frees up the money I was using to make the monthly payments on that loan to be added to another loan (the next lowest balance).
Tania Patch
Electrical Fire, House Inhabitable - What have you experienced?
28 November 2017 | 6 replies
Its an awful situation to begin with, but it looks like there are going to be added stresses with these people.
Stanci March
Building Security System Suggestions? Please help!
28 November 2017 | 2 replies
Bootstrapping this project so wondering if I can install in phases and what other owners see as the essentials versus things that can be added later.
Mary Williams
Legal Options In the Event of Death
5 December 2017 | 1 reply
We went to a lawyer’s office whom completed the legal paperwork for me to be added to the deed.
Brian Chase
Tax Deduction for Property Survey?
1 December 2017 | 3 replies
The good news is, it's not lost - it will be added to your basis.But wait...there's more (read in a Billy Mays voice)...Once you convert the property to a full or partial rental, you will be able to deduct all or part of that cost over time via depreciation since it will have been added to your basis.
Michael Faurest
Looking for a drywall alternative
1 December 2017 | 8 replies
I have used white bead board in the past for my rental since drywall takes so long to finish and I am not very good at it.