Justin Brin
Will you allow your tenant to paint the walls of your house?
3 May 2024 | 25 replies
What you get when you let a tenant paint is roller-marks of the wall color on the ceiling, drips and runs, patchy covering, spilled paint, silly accent walls/ too many colors, uneven lines on edges and in corners, splatters, blistering, bubbling, peeling, the wrong sheen, visible brush marks and roller strokes, trim painted the same color as the walls, electrical outlets and switches and even light fixtures, vents, cold air returns, fart fans etc. all painted when they shouldn’t be, not enough coats where paint actually should be, and terrible color choices (almost always too dark or too weird).
Karen Kushner
STR and LTR Tax Interplay against W2
2 May 2024 | 4 replies
If you qualify as REP then you don't need the loophole even though your husband is W2 assuming you're filing jointly.Does that answer your question?
Keith Davighi
Which AirBNB estimator do you like the best?
3 May 2024 | 14 replies
I'm willing to even pay for a subscription but AirDNA is pretty pricey.
Joshua Michael Hauman
How I bought my first rental property as a broke kid in his 20s in 7 steps
2 May 2024 | 3 replies
Always recommend that to people even if it's not totally your thing.
Bette Hochberger
Understanding Real Estate Taxes: Key Points to Know
2 May 2024 | 5 replies
As I've been learning, there are the key taxes to understand when investing into a new area or state:- State business income tax (if you have an LLC)- State personal income tax (if they want to tax you too, even as an out-of-state investor)- City personal or business income taxes- Any registration fees due the city/state- City/state property taxesAnd I'm sure more!
Dean Bergstrom
DSCR, HELOC or traditional loan?
3 May 2024 | 12 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 = $350, Insurance = $100, Association 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 = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
Derrick Lind
Tax deed auction in CA
2 May 2024 | 12 replies
Not too bad but I won’t even know if they will go to sale.
Robert M.
Parents loaned me down payment for duplex, I sold it, now who pays capital gains?
3 May 2024 | 33 replies
They gave a firm 'no' — for whatever reason, they were really attached to this duplex they had hardly even seen before.
Matt Greenfield
Short-term Rentals: Are Small Dipping Pools / Hot Tubs worth the investment?
2 May 2024 | 7 replies
Even inside the same market needing a pool depends on the property.
Adam Marx
Looking to buy my first home from wholesaler
3 May 2024 | 2 replies
The fact that you got in to see it is even pretty rare.