Pesi S.
Refinance Closing Costs VS Breakeven Point
Hello,
If one can refinance and reduce their interest rate on a investment property by 2% points but it takes 2.5 years to just recover all the fees is that normal breakeven time and worth doing it. The closing cos...
Will French
Partial tax exclusion questions
Hey there,I'd like to confirm my understanding of the Home Sale Exclusion for taxes, and the ability to claim partial. Let's say we've lived in our home for 660 days (~1 year, 9 months and 21 days) over the past 5 yea...
Mark K.
Tenant making meth / Insurance
We have Auto Owners for our insurance company for our rental. We are in process of having it remediated due to a tenant making meth in the garage. The insurance company told me it is considered a pollutant and is ther...
John Bens
Reasonable Real Estate developer Salary
Hi There,I have a full time job receiving a W2 but I am a real estate developer on the side.I only put maybe about 200 hours a year on my business and I file as an S-corp. I typically make from $100K to $200K net inco...
Michael Nelson
Can anyone do a 10% vacation home loan in Vermont?
We were approved for a 10% vacation home loan in New Hampshire but ended up offering on a house today in Vermont. After offering we found out the Loan agent we were working with Is not yet licensed in VT. We Are quite...
Christopher Sheppard
Buy and Hold -> Fix and Flip
I'm sure this is question has an obvious answer.. can you combine the two strategies? I was thinking about starting out with a buy and hold, but while that process takes place can you turn it into a fix and flip? (Use...
Jack Faysash
Publication 523 Partial Exclusion
Hello everyone! I’m looking to get a quick sanity check on my understanding of the IRS publication 523. My wife and I will be moving from Texas to California as part of a work related move. We will be selling our prim...
Chris Roberts
Do DSCR loans affect DTI
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...
John Malone
Are you aware of the new Corporate Transparency Act Coming in 2024 (every LLC)
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...
Jake Jaenicke
Insurance Coverage for Air BnB?
BP Community,My girlfriend and I are about to close on an SFR property that has a guest house that we plan on renting on Air Bnb and other sites (short - to - medium-term rental). I am running into issues with homeown...