I’ve been doing a lot of research into financing methods as I’m about to finally start working towards my first deal. Purchase financing aside, I’ve seen a lot of differing information on using credit cards (personal...
I have a rental that I purchased for $58,000. It brings in $750 monthly with PITI of $375 leaving a cash flow of $375. The tenant pays rent six months in advance and will have completed a year with me in June.
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Hello,Hoping to get some direction on potential options for creative financing:Opportunity to buy a duplex (future opp to be converted to quad and run as Airbnb possibly)- Sale price $320k (negotiable)- $420k appraise...
How is rental income taxed? For example if I have multiple investment cash flow properties and when tax season comes. Is the total income whether vacation rentals/ long term rent, taxed as regular income tax based on ...
I have reached a verbal agreement with the executor of the the estate. Whom do I list as the "Seller" on the real estate purchase contract? Can anybody confirm that only the executor will need to sign the agreement ...
Hi BP community. I searched in the Tax and Legal forum, but didn't see this question answered specifically. I am trying to determine how lease option up-front option fees are taxed. My understanding is that they are r...
Hello I’m Cody Blackburn out of Columbus,Indiana I own and run my own painting company and have recently starting acquiring rentals... I bought a lot downtown Columbus to build a SPEC and before I even finshed buildin...
I showed a rental today to a possible tenant, who for all intents and purposes, checked all the boxes, they agreed to sign a 12 month lease @$1000 a month and pay $1000 security deposit. Non smoker, no pets, makes 70K...
BP! I have had the back unit of the duplex I just purchased to house hack listed for almost a month. I have had some showings but no applications until today. The applicant has no verifiable income (he is an artist an...
Recently, I have been trying to take out a loan for investing in fix-n-flip and I came across Sprout financial and they are offering me $70,000 with no collateral and no interest with fees of $6500. Has anyone used th...