Would any of you rent to a young person who was convicted of vehicular homicide 5 years ago from wrecking while driving drunk? They openly admit it and have not been in trouble since. What would you do?
My tenant in Florida notified me 3 weeks ago that there is mold on the ceiling. Contractor came and said the previous roofer did not install flashing and now it caused the stucco to crack and leak, which caused mold.A...
I just closed on my first deal this month. I decided to start simple and conservative by going with a single family home in which I can house hack. While everything went reasonably smooth up to this point, the reason ...
Newb question here:In the case of using less than 20% down, do you include PMI in your calculations for NOI? My research is leading me towards excluding it since NOI is void of the mortgage expenses to calculate cap r...
When a prospective tenant is living in my area, I often set up a quick home visit at their current rental. I try to do it with an appointment but not with a lot of advanced notice. This helps me make informed decision...
Hello,Say I sold a home and I paid capital gain taxes because I lived in there home more than 1 year. Where my capital gain was $50,000 my capitals gains tax bracket was 10% which leaves with $45000 profit. Do I have ...
Hey there BP Community-It has been a dream of mine since college, and 5 years later it's finally happening. We open escrow on our first rental property tomorrow! I've been financially ready for probably a year, but ...
Do DSCR loans affect personal DTI if they are in an LLC?If so, it seems like having a few DSCR loans would make it difficult to qualify for a Heloc on a primary residence or even a car loan, for example. Also, are DSC...
What's all the Hype with the new law? Well this will apply to your RE LLCs…
A new law was passed back in 2020 which has not been on the radar for most business owners. Let's start with the fact that the U.S. Treasury...