Hello, we are currently doing approx 40 properties each year and having a hard time keeping up with all of the paperwork. We were filing our transactions by each property and putting all information pertaining to the...
If I purchase a home for $25,000 cash, then spend $15,000 to fix it up, then refinance at an appraised value of $100,000(just an example), would depreciation be based on the $25,000 plus improvements or would it be ba...
Hello,I unfortunatley started a flipping project going on 2 years and the lender has now started the foreclosure process. This is under an LLC and through a hard money lender. I finished most of the home's interior an...
Hi All, just wondering if anyone has some detailed information about this Zip code in Memphis, I am looking for on the ground experience on this area, other than what I can find on the internet.I have read the stats, ...
So the 50% rule is taking 50% of the rents and saying that will put towards operating expenses. So what is left is used to pay for the mortgage. So when dealing with an FHA loan and having extra payments like MIP. Wou...
AB-1482, also known as the California state wide rent control bill, will be discussed by the senate appropriations committee next week. If it becomes law, it will not only limit the rent increase, but also be much har...
So this is a pretty odd situation however it may have happened to someone else in the past. I JUST filled a tenant in my Duplex and the very first night they stayed there, there was already an upset with the neighb...
Greetings, This is my first post on bigger pockets, after being a listener since August, I now need guidance from this community more than ever. I will try to be as clear and concise as possible in explaining my situ...
Was in the due diligence process of purchasing a student housing building , the numbers made sense but now this pandemic.
Not sure if school will be open and at what capacity, how will parents behave? how to navigat...
Is simply applying the 50% rule running the numbers? In other words, can I simply calculate what my P&I will be and as long as it's 50% or less of the expected rent, then the deal has potential? Can this replace...