I'm trying to do my 2015 taxes. I bought my very first two rental properties towards the end of 2015 so I have no previous experience with this. From what I understand, loan origination costs cannot be included in t...
I sold a house with owner financing. Buyer put a down payment.I am carrying a note for the balance which buyer is making monthly payments. How would you record the journal entries for this type of transaction in cas...
Hi all, I'm just looking for a bit of insight and more of a precise breakdown of the refinancing section of the BRRRR method. As I think I have a way of using private money lenders, to loan me the deposit to buy an o...
Hello,I currently own a rental property and am looking to buy another. My question is there is popular talk about the "BRRR" which I love the concept, I'm not trying to knock it at all. I am just confused at how the r...
Besides the lease, what else will you hand your tenant before or on the move in day?- Lead exposure warnings? - Other detailed sheets?
Does an offer satisfy the identification requirement for the 45 day timeline?What if the offer was not accepted and the property goes back on the market? If a second attempt was made after the 45 day timeline, would i...
I'ma an absentee landlord. My new and current renter doesn't have a checking acct, her paycheck is put on some debit card. Somehow she makes her payment using my acct number (I know that's not good, so let's not spe...
Greetings from Seattle! I live in the shoreline area of Seattle with my husband and have been listening to the bigger pockets podcast for months now as well as reading as much as I can about real estate (can you say...
Hi All,
The investment I'm looking to purchase has a single family home in the front (4 bd 2 bath) and a duplex (2 x 2bd 1 bath) in the back. Two buildings on one property. This type of property is unique to South D...
I have an investment home that is worth 430K. Its equity has doubled in the last four years. Should I take a home equity loan to take money out to invest in a new property? I would really like to by a MFR, but I am no...