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BP!I just purchased a duplex in my LLC for $52k and it appraises for $84k my current interest rate is 8%. A couple of lenders I've connected to are saying the only way I can get refinancing is to remove the property...
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Hey Guys,I have a single family home that I currently live in and I owe 104k on it. My real estate agent just sent me some comps on houses selling at 145k, 138k and 129k on my street. I will apply for the HELOC and ho...
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I just bought a house-hack 4plex in 2020. I don't have any other rentals. Filing taxes now, so just had a few questions.
1. When calculating depreciation, I heard you're supposed to use the assessed value based on t...
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Can a private, individual landlord (who only has 1 rental unit) deduct cleaning fees for normal wear-and-tear from a security deposit at the end of a lease? Deposit was $650. Interest accrued = $3.90 for a total of 65...
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So my girlfriend and I bought a house back in 2020 right when the Covid shut downs began. We were able to secure an FHA loan for 162,000. The house was on the market for 149,900, after negotiations we were able to pur...
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My tenant in l sent rent payments for August and September in advance (he made the payment on July 26 and the August rent wasn't due until July 31 and September rent isn't due until August 31). Reasons he stated are n...
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Hey folks!anyone have any fun/clever ideas on great ways to add additional revenue opportunities by offering onsite upcharge options to guests? i know a few people who partner with local chefs or massage specialists, ...
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I saved money, learned some basic rules of lending like DTI, and bought a house in 2016 using a conventional 5% down loan. I kept saving and learning, paid off my car and student loans (helped my DTI) so I could buy ...
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Not sure if this is the right place for this but I am looking to get some insight or help on this. Please tell me if this is smart or not.I want to pull out a HELO loan and pay off our bills so I can consolidate every...
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In Southern Minnesota town where we own 4 houses, there is an 8 unit, actually 2 four unit buildings on one lot, built in 1978, 3800 square feet per building, each with 3 2br and one 1br.Asking price is $300K. This t...