What expenses are deductible when traveling out of town to look for investment property? What evidence must you provide IRS that it is a legitimate search for property?
I recently acquired a triplex, each unit is $200 below market rent. Tenant A is month to month, is a disabled elderly woman on low fixed income. Her son who doesn't live in the area told me it would be very difficult ...
Hello everyone,I am looking to rent out my primary home in about a years time frame and I am looking for ways to increase its possible rental price. My home is about 2,200 sqft, 3bd 2ba. I have some space to create ...
When Trying to refinance a house, using the 3rd Step of the BRRRR method, if the home appraises for lower ARV than expected after the rehab and seasoning period can you go through a different lender and get a second a...
I recent came across a property that just hit the market. It is listed for a $100k and is a 3/1 in a college town. Comps are going for $140k. It needs a ton of work and I would like to add a 2nd bath. I ran the numbe...
Hi folks, looking for some advice here...I have a rental property that is in a high demand neighborhood. Its a 4/3 home that has 175K mortgage on it and is worth roughly 310-325k now, but could need some renovations (...
I'm Trying to understand the full potential for llc and commercial loans..I've been working with a commercial banker with my partner and it's been easy to secure properties with just having 20% down. I came across a p...
Hi all, We currently own 2 sfh and 1 fourplex and we are about to bid on another 4 plex on Monday. All units are in Albuquerque, NM. Inventory has been less than quality in NM over the last year and so I'm hoping you ...
Short sale under contract in February. First BPO done, Bank offered us $220,000 - OUR offer was $128,900. We said no and started laying out the framework that that was an ARV, and home needed a lot of work. Second ...
Looking to by one or two LTR props prior to year-end. Working on building my team around me and trying to decide if a RE focused CPA is needed for "Tax Strategy" at this point. We are W-2 employees with pretty strai...