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Hey all,My in-laws have their [Chinese] restaurant listed in the Los Angeles area (they own the business but are leasing the space they're in currently) and don't really seem to have a valuation of their restaurant. I...
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For tax filing, where would expenses associated with a wraparound mortgage be reported? On Schedule A? Some examples would be interest paid to the underlying lender, note processing fees etc.
Thanks,
Angie
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Hi All and thanks in advance for any feedback / guidance, I am new to the US market and thought home inspections were common place when buying so any feedback is appreciated. Please see background on deal below, as ...
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Hello BPers! I am a newbie interested in getting my rental portfolio started but I have been encouraged to start with wholesaling to build capital, with that being said an opportunity fell in my lap (potential first d...
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I am trying to decide whether or not I should hire my owm landscaping service to take care of the lawn and try to cover some of the cost in the rent. Do most people rely on thier tennants and are they usually good abo...
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Has anyone acquired investors to cover their down payments on rental properties? If so, how did you work that out? What interest rate did you offer? Did you have to offer a percentage in the property?
I know ...
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FYI, I have been though tons of posts on OPM just looking for something a bit more specific.
I have been approached by an old friend wanting to invest in a SFR rehab.. (flip not hold) with him being a 100% financial ...
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A Colorado investor researching SE Michigan where I grew up. Looking into value-add buy-and-holds both single and multifamily. Can anyone recommend an asset based lender who has short seasoning periods on cash-out-ref...
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Hey BP Members, I am under contract for a four family and my idea is the BRRR method. However, instead of buying with cash, I am looking to put a mortgage on the property, fix up, turn over the tenants, raise rents an...
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I am looking into my first deal and researching a new property. This is a 3 unit property already leased to tenants. I called to the County to check on any building permit history and any rental inspections. To my ...