If you pay your debt service from money earned outside of the property's cash flow [W2 income], do lenders consider that or do they look at the numbers from the property as all inclusive to the property?
We have a seller who has POA for his mother. They have a home with a reverse mortgage and the home is currently upside down. The home has damage from a hail storm in 2012 and they have been involved with a law suit...
I've been reading IRS Publication 527 to better understand the tax accounting for rental properties. I'm not sure how to interpret this statement about insurance:
"Insurance premiums paid in advance. ...
1. Fix & hod property has a lease signed with tenants to move in 3 days later.2. Property on a hard money loan with documents currently being drawn upo fir a long term refi with a credit union3. Insurance is still...
BP-Can somebody help me understand what's happening in FL with insurance on rentals? I have a detached duplex in JAX and I can't get a reasonable quote. My existing insurer pulled coverage and exited the FL market ent...
Hello BP Fam - A low-hanging fruit question regarding insurance on an SFR. I recognized when reviewing the performance on one of my rentals that I may be overly insuring my property. My goal is to maximize the NOI. ...
here's a dumb question I feel like I should already know the answer to but do I need to purchase Business Insurance if I am going to rehab properties or just insurance for the actual rehab-builders risk, vacant dwelli...
A plumber came out the other day to give a quote on the work in my rehab, and he said that there's only one insurer (that he knows of) that will insure against damage caused by PEX plumbing. Sure enough, our insurance...
Quick question for the masses. What is the best way to go about getting a reliable valuation on a mobile home?Since mobile homes are personal property (i.e. automobile) the sales records are not as readily available ...
I read somewhere that before be able to start to purchase a house and then go through the BRRR process, I first needed to have 2 years worth of W2 forms if I wanted to take out a loan and able to refinance after the s...