My husband and I own 6 rental properties. His sister and 3 children moved into one fully intending to pay rent. However she fell ill, lost her job, and has not paid but a few months rent this year. Of course my questi...
So I found a bank that will give be a 30 yr mortgage but the origination fees are like $900. Do you all think that is to much also interest rate is 5.8. Im use to paying about $400 in origination fees but thats on a f...
I have a house that my renters want to buy. They don't qualify for traditional financing due to being self employed and a slightly too high DTI. I still owe on my mortgage so I was looking into doing a wrap mortgage, ...
How can I determine the Capital Gain Tax due on a property that is a Short Term flip (Less than a year)? Does the tax vary by state?
Looking at rental arbitrage in Melbourne, FL. Favorite community charges monthly rent + "lifestyle fee" $29 + Pet fee $25 + Trash and pest fee $18, then we pay electric, water and wifi. Fees charged for EACH new tenan...
I purchased a property @ $210,000 and after it's said and done, could probably sell for just under $400K w/$25K in fix up costs. The problem is, if it is sold in less than a year, I get hit hard with taxes. I know i...
This last November marks one year of being a land lord. What I need help with is what can I write off for my taxes outside of the normal office space write off, portion of the utilities, gas mileage, computer write of...
Hello all! Currently in the process of renovating our first rental property. The property is a duplex in MN. We currently have one side rented out and are finishing up renovating the other half. We haven't had much ...
Hello,We are considering a commercial policy for our properties (only 10 SFHs). New to this process and need help understanding the valuation amounts. Agent says I don't have to insure for replacement cost if I don't ...
Hello,I am in VERY early stages of possibly being able to buy a portfolio of properties from a local investor who is well into retirement and might be ready to bow out. For simplification, Ill use round numbers. I wan...