Hey guys, this one is making feel pretty dumb.  I am trying to enter all the information from my HUD-1 sheet into Quickbooks.  I've watched a couple videos on other people doing it, and it's just not clicking.  There ...

Hey all! I am in contract on my first rental property!!! I am buying for 165k and expect it to appraise for $275k ARV. I have one mortgage guy telling me I can only get 75% of my purchase price out in cash. The other ...

I am considering renting to a family that has a past history of some financial issues, but appears to be headed in the right direction. However, I need to protect myself, and am wondering if this type of policy would ...

In a PITI payment are all four portions normally paid as a lump sum to the mortgage company which then sends the accumulated  insurance payments to the insurance company once a year and the accumulated tax payment in ...

Hi all,I took control of the house in February 5th and there was an existing tenant inside the house. At the time, the existing owner had a property manager who was looking over the house. The tenant paid the rent f...

what does everyone include in their acquisition cost? Down payment+lender fees+credits+prepaid debits(insurance+taxes) ? just want to make sure i am doing it right

Hello!I have a question about closing costs...I've reached out to 4 lenders and secured pre-approvals with each to compare their rates, fees, etc.For a 25% down payment with 1 point on a $200,000 investment property, ...

Hi BP,
I've got another question as a fairly new owner.  I have one property where the following happened last month.  

In round numbers:
Rent:  $1000
Tenant paid in two payments:  $600, and $405   -  $5 extra.
...

It is my  understanding that the new tax bill requires that in order to deduct 2017 property tax, it must be paid no later than December 31, 2017.  If paid next month in January which I always pay, I will not be allow...

Whats up everyone, Do you calculate Prepaids/escrows in your closing costs when calculation COC? Thanks, Ali