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15 July 2018 | 4 replies
I haven't found a property that I like to invest yet, but I want to identify the lenders, get pre-approved and get all the paperwork done and out of the way.
18 July 2018 | 31 replies
When I checked in with my accountant a few months ago, she was confident that property tax on what was clearly identified as an investment property could be deducted on a schedule E.
14 July 2018 | 7 replies
Abstract fees (abstract of title fees).Charges for installing utility services.Legal fees (including title search and preparationof the sales contract and deed).Recording fees.Surveys.Transfer taxes.Owner's title insurance.Any amounts the seller owes that you agree to pay, such as back taxes or interest,recording or mortgage fees,charges for improvements or repairs,and sales commissions.Settlement costs do not include amounts placed in escrow for the future payment of items such as taxes and insurance.3) if there were other costs incurred to acquire the house such as if you spend money for tax advice, tickets to fly to look at the house( or milage) and such also gets added to the basisGood luck
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14 July 2018 | 1 reply
Hard to really get into this without any specific details related to the financials regarding each house, but I’d start here...If you need some liquidity, I’d run the cap rates on all my rentals and identify the bottom 3 producing rentals.
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14 July 2018 | 9 replies
You're a little less of a 'rookie' and each next step you take will continue to build on that track record. best of luck in the search
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18 July 2018 | 17 replies
The wife swore she saw 3 cats (all black) & after finishing the repairs she spent an hour searching for the 3rd cat.
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14 July 2018 | 1 reply
Good morning BPer's.Can someone tell me how I find people I've connected with and accepted colleague requests? Thank you.
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15 July 2018 | 3 replies
High cash flow ( I E identified as cash flow with 20% down ) as we know everything cash flows if you pay cash.and high appreciation rarely go together.. and % appreciation you have to be careful with.. some folks can say hey my market appreciated 50% last year or last 5 years but the house went from 20k to 30k.. that's 50% or you can buy in SF for 1 million and those appreciated 50% and went from 1 mil to the current 1.6 mil median SF home price.. trying to find this unicorn will cause some paralysis on your end if you get to literal about it.if your going out of state AS @Brian Ploszay stated the people working for you in the market place are NUMBER 1 concern.. stats don't matter if you PM is not working right or your units get trashed or what have you.
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16 July 2018 | 2 replies
I have the app LandGlide and it takes me to the county website property search and where it supposed to say the name it’s just blank.
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15 July 2018 | 1 reply
I have the app LandGlide and it takes me to the county website property search and where it supposed to say the name it’s just blank.