Question on rental income taxation:Thank you in advance if you can clarify if I am thinking about this right or not...-Assume I own a rental property in my LLC.-The property earns 2,000 in net rental income after payi...
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So, we are in the middle of starting to look at some multi-family properties, and our goal is still to buy one in the coming months. 2 friends have also offered us great deals on their personal homes. One was an inh...
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Hello, BP. I'm not sure if this is the right place, so mods, please move, if needed.I'm in my education and learning phase, so I'm hoping some members can help enlighten me.For this, I made sure all were NPNs, and all...
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I'm refinancing a commercial property in the US for the first time. $1.7m loan, 65% LTV. One LOI I've received has quoted a 2% origination fee, which seems high to me. (Broker has a 1% fee on top). Presumably negotiab...
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Investment Info: Buy and Hold Duplex in Minneapolis, MN
PurchasePurchase Price: 302,500
Remodel Budget: 50,270Initial Loan Terms: 5.125% interest rate fixed for 5 yrs, 25 yr am, 246k loan (80% LTV) - $1953/mo PITI. ...
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Hi everyone, my wife and I are looking to turn our current residence into a rental property. We have about a year and half before the mortgate is paid in full. We will be putting 20% for our next home, we would like f...
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Wow, it's been a year since I was on BP, good to be back. I've been enjoying my retirement in CO but haven't found any deals here, but I have a chance to get one of my flips in TX back, if I want it. Here's the scenar...
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Ok, so any suggestions on how best to solve these issues:This property is a triplex (maybe quad with an efficiency), converted from a SFR, so it's got one hot water heater for the whole building, and one temperature c...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $55,000
Cash invested: $36,000
3/2 1,600+ sqft SFH. Off market deal. Required an extensive remodel.
What ...
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Hi BP family, We have a fixer-upper deal in Austin that we are looking at that is FSBO and off-market. We have a handshake on a purchase price. It'll be a primary residence and we'll be using a conventional loan. T...