Mike S.
ACH processing time improvements and Cozy, Venmo etc.
My bank notified me that the NACHA ( ACH administrators ) will be improving ACH processing times to same day or close to same day. Goes into effect right around now. Just curious if Cozy, Venmo, or other 3rd party se...
Dave Versch
50% Rule clarification?
Can someone give me a definitive answer on the 50% rule? I understand the concept, that your expenses should only equal 50% of your gross rent in order to get positive cashflow. But which expenses are included in th...
Isaac Isaacson
Another 1031 Exchange Question - From Real Estate to RE/Business
Contemplating selling an investment property. Can I 1031 exchange into improvements on another rental property I already own as well as use capital gains for furnishing it?
If I have already began the proces...
Jason Vanterpool
Trouble Finding Good Lender to Refi Our Portfolio
My partner and I decided to Team up and invest in his home market of South Jersey. We recently bought 6 cheap properties up there and have 4 rented so far. The goal of course is the BRRRR strategy - Buy, Reno, Rent, R...
Account Closed
Multiple 'de minimis' safe harbor elections?
Good Morning All! Two questions actually.First, is the 'de minimis' limit for an individual landlord $500 or $2,500? I read Amanda Han and Matthew MacFarland's book and understand (or interpret it anyways) that the li...
Keith Jourdan
Did new Fannie guidelines just ruin BRRR?
The max the loan can be is 75% of the new appraised value. However, the first six months the max the new loan amount can be is no more than the purchase price, closing costs, of the current property at the time ...
Geoffrey Sawyer
Added an ADU to my 4-unit, can I refi without going commercial?
I'm finishing up a lot of improvements to a four unit that I purchased in 2020. One of those improvements is a Junior ADU, which is technically a 5th unit. I've got a lot of new equity in this place and wanted to refi...
Eric Miller
BRRR Strategy - Increase square footage for refi appraisal or keep rehab costs low?
I've done a couple of flips but I'm closing next week on the first property I plan on BRRRing and I have a question about increasing value.
Most of the value increase will come from normal rehabbing, kitchen, adding ...
Samantha M.
BP's 50% rule on income properties?
Read about the most helpful tip thread on the BP success stories forum. Many users were specifically mentioning BP's 50% rule for income properties. I did some searching around but was not able to specifically define ...
Jean-Thierry Aleman
Mortgage interest deduction when paying cash for initial purchase
I am about to acquire a property using cash so we can do a fast close. I am then going to finance it with standard mortgage. I thought I could deduct the mortgage interest from the loan but read somewhere I can't do...