27 April 2024 | 21 replies
This law imposes duties on the landlord including: Abiding by any applicable housing codes (including state, city and/or county codes), and maintaining the property in a safe and reliable manner.A tenant can sue a landlord for a slip and fall as long the tenant can prove the landlord was negligent and the negligence was the cause of the tenant’s personal injury (broken or fractured bone, scarring, or another serious bodily injury).
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26 April 2024 | 45 replies
We sat down and traced out a plan (i.e. paying down debt, increasing their FICO scores, saving for a down payment, type of home) and in both cases, they were ready to buy in less than a year's time.
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28 April 2024 | 5 replies
I have analyzed dozen including some provided by BP members and have yet to find one.
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27 April 2024 | 4 replies
Other options include owner financing and working with partners.
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27 April 2024 | 5 replies
@Nick KnoblachOf course, you should always confirm with your own CPA who is familiar with your situation, but here's a few generalities:- CA taxes residents on worldwide income, so the CA resident will likely be taxed on the entirety of income that he/she receives on his/her CA resident tax return, including his/her share of rental income- CA will likely want to collect tax on all income earned in CA due to CA-sitused real property, so any non-residents in CA should likely be prepared to file a non-resident income tax return in CA to report his/her share of income earned from the CA real property-I'm not familiar with MN rules, but most states generally allow for a credit for taxes paid to another state.
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26 April 2024 | 4 replies
It tells you how much interest you must include in your taxable income.
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25 April 2024 | 12 replies
@Bryson Elder, debt is not something to be afraid of nor is it something to use willy nilly.
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26 April 2024 | 8 replies
For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).
26 April 2024 | 9 replies
For DSCRs, you'll get the best pricing at/below 70% LTV and above 1.25x debt service.
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27 April 2024 | 42 replies
And if you include the suburbs the Milwaukee metro area has about 1.6 million people.