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Just got an offer accepted on my first investment property!! Anyone care to take a glance at my financial modeling - see if any errors jump out at you?https://docs.google.com/spread...
Hey BP,My wife and I recently bought our first investment property as a owner occupied duplex. We moved into one side and the tenants on the other sides lease is up Dec 31 2021. The current rent is about $400/mo lower...
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I am looking to buy a home and may need some additional cash to complete the down payment. I have a simple IRA that I'm considering withdrawing from to complete the down payment and was hoping to fall under the "first...
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My property manager just lost an eviction. It's a long story but the short version is that they did not have a properly formatted Pay or Vacate notice. I now owe opposing counsel's legal fees of $1750. Should my prope...
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Does anyone have experience with this...are the Fannie Mae reserve requirements simply cash in a savings account?
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Hello, I am currently in the process of finding a short term rental to purchase and wondering how to best take advantage of what I am doing from a tax implication. I am in a high tax bracket so the implications could ...
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Can someone explain the different between a "dry" and a "wet" double closing. For those of you who do double closings, which version do you use mostly?
I'm wondering if anyone could explain if I should opt to put each property into its own separate LLC or just get umbrella coverage for all of my rentals for maximum asset protection?Also, if said rentals are in an LLC...
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Thanks to motivation from listening to BiggerPockets popcasts, this year my fiancé and I finally paid off our auto, credit card, and student loan debt before deciding to purchase our first home. We decided to go the o...
Today I received a message from Apartments.com requesting tax id information. Stated that starting in 2022 amounts more than $600.00 will be reported with 1099-k and failure to provide the tax id will suspend any futu...