Eric M.
Help with BRRRR Strategy - HELOC or Cash out in today's market
Hello All.. Im currently in the process of renting out my primary residence. I have a few questions on the best way to implement the BRRRR in my scenario. My home is currently valued at $320k and I owe $97k. My curren...
Joseph Karbus
Service trying to sell me DECLARATION of HOMESTEAD-what does it mean?
I just completed refinancing my home with a institutional lender. (Quicken Loans).I received by mail a solicitation from a company called "Title Recording Service" offering to sell me a "Declaration of Homestead" for...
Larry H.
Flipping flooded houses in Baton Rouge area
We are primarily buy and hold investors in multi family properties, but since the flooding in the Baton Rouge area I have been presented with multiple houses that people want out of and the prices are irresistible.
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Rajib Bahar
How to collect judgment for 5 month's overdue rent in Fort Worth, Texas?
We got a judgment in our favor. My lawyer's team suggest that the former tenant may be too poor to pay. They are concerned that after we pay for the research to find and locate tenant and their bank account, they may ...
Account Closed
Obtaining a mortgage without verifiable income
So I'm trying to start my journey with rental properties but one big concern I have is the mortgage. I currently make a large portion of my under the table and is not verifiable income. I have $40k saved up for the do...
Account Closed
Split income 50/50 if property only in 1 name
Good evening,I have a question regarding Tax matters. If a property is only in one name (even though it was purchased with the money of two persons) and both persons receive income is it possible to declare these prof...
Andre O.
Residential Rental Property Depreciation
Can you take full depreciation on rental property as well as deduct maintenance, repairs, upgrades if you are renting out two rooms and living in a third room oaks primary residence? Are property taxes and HOA tax de...
Donnersson Penna
How to get a condominium complex VA Approved
Hello everybody. Does anybody know what is the process and what are the charges to get a condo complex VA Approved. Thank you so much!
Jackson Rodgers
CDC moratorium and tenants won't leave after lease expires
I am a property owner, and I rent an SFR in Florida. Tenants moved in March of 2020 and stopped paying rent in May. They submitted a CDC declaration stating Covid-19 impacted them. The lease expires at the end of next...
Conner Thompson
Tips For Renting / How To Claim Income
I just purchased a 3 bedroom 2 bathroom house and am living in one room and renting out on of the other rooms.Is there a special way to claim this renter for my income? Can renovations be claimed on taxes?Is there a w...