Some questions I have before getting started is 1 should i apply for a bigger loan and purchase 2 properties or stick for one more expensive rental property?

In this scenario if 50% of the roof was under the panels they apply 50% of the roof cost within the 26% ITC.You can get the ITC on multiple properties but again a CPA would base the amount claimed as a percentage of time spent in those properties.

I/We are aware that it is a Federal crime punishable by fine,imprisonment or both to knowingly make any false statements when applying for this mortgage, asapplicable under the provision of Title 18, United States Code, Section 1014 and Section 1010.

I would like to continue applying this strategy one to two times each year and let my properties pay for themselves while paying off my loans and making a little money on the side in the meantime.

You can estimate by calling paint contractors, drywall, plumber,etc and ask what they charge to do a room or by the square foot and applying that when you do your initial walk thru.I divide my costs into hard and soft costs.Hard costs are known costs.

I'm working with the Section 8 tenant to apply for the LIEAP (Low Income Energy Assistance Program) with Montana.

I know there have been some discussions on bp about negotiating on having the commission applied to the sale/purchase.

If you read through all their fine print, you can even figure out what their end game is.After you apply (and provide all your personal info and SSN by the way), they’re going to charge you a 1% fee for “loan processing before the loan can be set aside for disbursement to borrower” (yes I know that’s a little hard to understand but that’s how they typed it).Bottom line, they’re going to try to get money from you up front, but you’ll never get a loan from them.Tips for Avoiding a Scam on BiggerPockets

@Mae HungI assume buyer had financial contingency which should have clause about applying for mortgage within 5/7 days after the contract date.

She is paying the rent in full each month, but she says due to covid she can't pay the utility bill and she is trying to apply for assistance with her utility bills for covid relief.