After my first year of doing a couple BRRRRs, I'm trying to wrap my head around the money we pull out via refi. Is it accurate to say that the money put into the rehab considered an expense (i.e. painting, new fixture...
I am interested in possibly purchasing another MHP and i wanted to see if someone could tell me a good formula for evaluating the parks purchase price, i know the current owner is gonna be a little high and i want sol...
Hello everyone. Long time lurker, first post. Ive been analyzing properties first and foremost. I want to make sure im doing the numbers correctly before i even look at the property. I think i might have one, in a d c...
Am a US foreigner and purchased (cash) a property in Orlando, FL in order to rent it long-term. Based on my understanding I would need to pay taxes on rental income and there’s 2 ways on how to do this:1) Need to pay...
I own 4 single family rentals. My last two have a total investment of 25,000 and 28,000. They rent for 650 and 700$ with monthly expenses of about 100$ each. This has been good money for me, but I have an opportun...
Just a general question. More of a worry than anything.So there is a vacant duplex for sale right down our street. My question is after rehabbing the vacant property, will we have to pay the monthly expenses of the pr...
Hello,I am newbie. I wanted to understand that for my rentals should i open a business account or checking account for it ? What are the advantages and disadvantages of opening one or the other ?Thanks!
Hi All,My brother and I recently inherited a 4-family rental unit, 50/50. He lives closer and will be more hands on with the property, so a 50/50 split of profit isn't equitable. I would like to arrange for a fixed ma...
Using credit cards for renovation projects is a smart way to save money. By opening a new credit card before a renovation project, you can take advantage of cash back bonuses and rewards that many credit cards offer. ...
Listed price is NONE. I've personally never seen that before so I want to make an offer to see how the bank responds. What would you guys offer with the numbers below?
- 6 units, 2/1 each unit
- built in 1985
- Jus...