Steve Boianelli
Security deposits held in escrow
I’m selling my portfolio and a few properties have no security deposit because funds were used to correct tenant caused issues. Title company holding said funds in escrow. Anyway I can get around this?
Seth Greiner
Single Family Purchasing Checklist
Do you have a checklist you use to verify your numbers are correct after you have an offer accepted? I'm trying to create a list I can go to verify I want to go forward with a deal. Please help me in adding to the lis...
Kasper Rune Søgaard
How to calculate depreciation and tax burden
I am having some issues figuring out to calculate how depreciation affects my tax for a rental property. I have an example below. Is it correctly calculated correctly?
Example:
Purchase price: $1,500,000Rehab: $100,...
Spencer Harvey
HELOC , Home equity, or refinance advice
Hello,I am looking for input on the best way to finance my next rental property. I currently own 2 rentals; one with 20% down ($45k) and the other with 25% down ($50k)...both properties have a conventional mortgage fo...
Account Closed
Terminating Utilities
Today is Monday 14. We are to go to the title co on the 21st to sign papers, and the agent said we will try to close on the 23rd.
What date should I have the utilities stopped? I would like to g...
Paul Ellerbusch
Calc Review!! Thoughts?
View report
*This link comes directly from our calculators, based on information input by the member who posted.
James Krywin
Deciding if it will be a good investment to rent out or sell existing house
Hi All,I am in the process of moving and am at a cross-roads. I need to determine where I should sell or rent out my house. To do so, I am need to understand what is considered the "breakeven" and "target" % of rent v...
Ruth Ann Morris
Passing the cost of utilities on to tenants
I am considering purchasing a duplex in Sioux Falls, SD that does not have separate meters. Up until this point, from what I understand, the utilities were included in the rent. That works great if you own the place...
Larmon Cummings Jr
How Do I Find The Amount Of Back Taxes Owed????
Hello BP Community,So I have a lead from my direct mail campaign, and the owner is older and seems as if he does not have that much longer to live. I have been talking with his daughter, and she is helping him out, bu...
Joel Collinsworth
Postcards or Yellow Letters
I'm at the point where I'm ready to start my own marketing campaign to find deals. MLS is too competitive. I've tried connecting with some wholesalers in my area, and I'm sure there are some good ones, but the deals I...