Grant Vincent
Strategies to monetize vacant family house
1 February 2023 | 19 replies
My extended family still operates the farm surrounding it.Renting out as a long-term rental, STR, or medium term rental seem to be obvious strategies; however the family is exasperated from the previous tenant, an aunt w mental health issues who has lived there for free since my grandparents died.
Horacio Gutierrez
Emotional support dog after tenant move in
21 August 2020 | 20 replies
I require a letter from a license mental health Provider or MD that saw this tenant in person and diagnose the medical need. anything short of what I just said I’ll declineAnd exactly who is going to in force the need for a dog?
Anthony Del Russo
Grays Ferry Rental Market
8 May 2019 | 3 replies
Hello BP Community,I was wondering if any property owners in the Grays Ferry area could share any info on the health of the rental market in the area.
Timothy Jamar
Searching for quality turn key operators
24 January 2023 | 3 replies
My wife and I currently travel for work as health professionals.
Laxman Molugu
Tried self Filing taxes for 1065 for Rental Property LLCs?
22 February 2020 | 6 replies
Sarcasm certainly wasn't my intent...My intent was to illustrate that the answer to your question is generally yes, you can probably prepare and efile a partnership return on your own as a layperson.
Christian Jones
Funding Rehabs when the originating bank has frozen new loans
1 February 2023 | 11 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 = $350Insurance = $100Association 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 = $250Insurance = $100Association Dues = $25Total PITIA = $1875Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23Lender terms and fees vary widely.
Veronica Giggers
Thoughts about purchasing multifamily with all 1 bedroom units
11 February 2023 | 26 replies
Often due to non-payment as soon as their benefits run out, and other times due to drug and alcohol abuse or mental health issues.
Isacc Lightbourn
What is a cap rate and why are they important ?
17 November 2020 | 92 replies
These polar opposites of cap rate definitions can be illustrated below:From Investopedia (https://www.investopedia.com/t...).
Cassie Villela
San Antonio Real Estate Market Update 11/17/21
23 November 2021 | 1 reply
The lines I’d pay attention to are the aqua and orange lines; these are the more average home range and are better indicators of the health of the market.We saw month supply creeping up over the last few months, but now it seems stable.
Account Closed
ESA on property before I received letter.
1 December 2021 | 27 replies
The dog has been there for a few weeks and I just received the recommendation letter and also the letter from a licensed mental health professional in the area that has been seeing my tenant for over a year in a half.Papers stated my tenant has 3 mental Illnesses in the DSM.