Account Closed
Closing on your own primary residence.
I am trying to put a list of the only requirements needed to sell/buy a real estate property. I am considering selling my primary residence to my sister. Skipping realtors will be easy. Skipping escrow is what I am...
Julio Gonzalez
Cost Segregation Methodologies - Key Differences
If you have hired a specialist to perform a cost segregation study of your real estate property, they will likely use one of the six most common methodologies recognized by the IRS. These methods include:
Detailed E...
Chuka Eko
Rehab Price Excluded From Loan??
View report
*This link comes directly from our calculators, based on information input by the member who posted.How do you include the rehab cost in the loan amount? The expectation is the loan is supposed to be for ...
Babu Byrapuneni
Rental balance sheet
Hi, I'm working on the balance sheet for my rental (multi-member LLC) and need help. Rental bought in 2023 and initial return.For assets - Cash, depreciable assets less accum deprn, landFor liabilities - Open credit c...
Anne Keenan
7th investment property
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $400,000
Cash invested: $115,000
4 unit owned by a 76 year old man who didn't have the energy to care for it...
Allison Mayfield
Detailed, Pro-Landlord & Legal North Carolina Leases & Forms?
I've reviewed and looked at more than 10 different lease agreements and I like certain parts of each of them but want an all encompassing one that is legal (per the NC's state specific laws); yet, is very detailed, co...
Michael Riba
[Calc Review] Help me analyze this deal
Hi Y'allI'm just beginning my journey on this path, and I'm looking at a property that has certain synergies for me that might make it work. This is my first post on this forum and the attached report is hypothetical ...
Michael W.
Acquisition/Construction Loan Questions
Hello!When getting an acqu/construction loan, how can you really know your costs/budget until you have construction docs from the architect and send them out to contractors to bid. That takes months. Do you just give ...
Wayne Bodley
New mortgage company raised my payment amount!?!
Hi all, recently several of my mortgages were purchased by Freedom Mortgage. I realized today that somehow the payment amount on at least one of them was increased by about $50, creating a late payment fee. I'm in the...
Jay Lam
Bank accounts for rent and security deposit
Hello,
If I have two bank accounts one for the rent and for the security deposit, do these accounts have to be in both me and my wifes name if we both own the house? Or can the accounts just be in my name? Thank you!