Mike Brown
Is there a limit to how many properties one can buy?
Say you have $60k leftover every year to invest in rentals. Assuming 25% down, that's a couple homes valued at $120k a piece that one could invest in. I'm sure most banks would allow you to have 2 homes financed; howe...
Dan Bryskin
Why don i like flips, please chime in
Death & taxes .... Don do flips. Waste of time & money. Why would you want to work hard to pay ordinary Federal & state taxes, self employment, medicare and what not? Why to give 50+ percent of your profi...
Jason Hitchcox
Bank of America addendums
Has anyone else dealt with these BofA addendums when purchasing a REO from BofA?
We've been counter-offering back and forth for almost 2 weeks and finally have agreement, but before the deal formally goes under contr...
Chris Tryling
CPA Needed for California and Texas rentals
I work in California. And I reside there most of the time. I have a condo in California and have one of the bedrooms listed an Airbnb. I have a primary residence/mortgage in Texas and rent the rooms in that house with...
Tyler Speelman
2nd home and STR income tax
Hey BP,Purchasing a 2nd home with 2nd home mortgage, but using the home as a STR. 1. Can I use depreciation of the home to offset rental income gains? 2.How do I take advantage of tax deductions if purchased as a 2nd ...
Brian Kempler
Notes sourced from contractors and suppliers?
John Schaub talks about some ways he sources notes, including the following:---12. Major appliance, carpet salesman, etc.14. Home repair contractors15. Building supply16. Roofers17. Pool contractors18. The courthouse-...
Alex Get
Why is LLC Investment property Insurance so High?
In my name I have some investment properties which are from 4Bed/2Ba SFH to Duplex and all of them are rental property, the coverage is replacement value and the highest property insurance among these are $735. Now...
Joe T.
Hard money loan vs Conventional loan - out of state investing
Hey guys - I'm planning to to purchase my first investment property this year and am planning to invest out of state.I've heard advice about working with a lender from the state where the property is because they woul...
Elena Koyun
Property Management Company charging bogus fees
Hello,
The story: my friend has a house that she wanted to rent out. She was afraid to do it by herself even though I told her I will help to manage. She hired a management company. Everything was fine for a few week...
Steve Kresse
REOs skipping the MLS
I have seen a few REO properties that have been sold without ever being listed on the MLS. I'm just wondering how they are doing this. I have watched the properties go to sheriff sale and the bank take possession of i...