Taylor Holden
Negotiating repairs after home inspection
Hey all, I’ve finally gotten into contract on a single family home as my first investment property. Great little house with a good price. I had to pay asking but it seemed to be under market for the area. Now the insp...
Haider Zaman
HUD Counter Offer Process
Hey BP Family,I have a question regarding a HUD property that I am bidding on. I placed a bid on a HUD property of around 66% of list price. Just received an email from HUD saying they are putting a counter offer pr...
Steven J.
Advantages of lump sum principle payments
I recently came across a thread with the term lump sum principle payments. I've searched this term and have failed to come up with much evidence as to how it helps investors except for with tax purposes.
"I u...
Robert Steele
Section 8 Premium?
I have one section 8 rental that I keep in my portfolio because it kicks off so much cash flow.
I can't seem to keep ahead of the rents. I'm getting a little above market rent right now but I know that sectio...
Mindy Jensen
Reducing Taxable Income - Shooting Myself in the Foot for a Loan?
I want to reduce my taxable income as much as possible. (Selling stocks and want to avoid long-term capital gains.)Maxing out the 401k is $18,500, standard deduction is $24,000. My question is, what does the bank look...
Chris Mason
Easiest way to be allowed to prepare taxes, especially Sch E?
Hi Tax Pros,I'm a mortgage lender. We kind of have a love/hate relationship, but I'm probably never going to ask you for any sort of letter "guaranteeing" that Sally's business is "guaranteed" to make $X00k/yr for the...
Corey Duran
How do handle water bills start to finish (Buildium)
Please share the best way you have found to handle water bills. I am trying to find the most hands-off/time-saving approach. I will share my current approach now and if you have suggestions please share them.(My proce...
Adam Pervez
Submetering Water Expense
Hello,
I am looking to split the water expense and wanted to know who I can reach out to that can help out with the process. Would it be a plumber? Has anyone gone through this experience before that can share what n...
Mark Jajowka
How to bill tenants for electricity and gas?!
Hi everybody! I was wondering who here makes their tenants pay their utilities and how you charge them. Do you put the bills in their name or do you get the bill then put it in with their rent? Thanks
Joel Borja
Should I get a CPA if I am on my first house hack?
Hi,New to BP and this forum. I got my first property at the end of 2019. I started house hacking this year. I started listening to BP and reading the books at the end of last year. Which I am super grateful for becau...