Alan Russell
Converting home to rental
I need to understand what happens to the equity (for tax purposes) if I convert a single family home to a rental property. Would this convert at a current tax cost basis? For instance if I purchased a home for 125K ...
Gabriel Galarza
Are we at the end of a Market Cycle ?
By no means should this question be deemed as a deterrent for investing in Real Estate, as ideally you would buy below market value and avoid being upside down during a crash.This question is sometimes area specific, ...
Landon Elscott
Depreciation question in regards to damages or repair.
Well, I've been snooping around on here for awhile and am in the process of learning everything I can know and being completely prepared as I make the transition into becoming a landlord. I haven't purchased anything...
Henry Sims
Private Money loan
Hey, BP land, I have a quick question for you all. I have a friend who sold his mobile home park so he could retire. He wants to make a little more on his money than a CD will provide. I'm looking to scale my busines...
Michael Greer
Small loan = Higher closing costs?
Hello,I'm purchasing three 1b / 1b condos in a good area here in Ohio.I'm financing through a bank and received my final closing disclosures on one of the units.Purchase price is $40k. Loan is $32K.Closing costs are $...
Carson DuVall
Hello all, feeling stuck.
Hey guys, I am seeking some guidance if possible, and hope this is the right place. I currently have one STR near Yellowstone NP and have about 200k in equity on that property. I am seeking options to buy another rent...
Nathan Frost
QCD property from LLC to name
Hi, how can I go about quit claim my property from my LLC to my name so I can get a heloc on it? It has been in an extremely frustrating two weeks. I have a 100k equity in my primary and can't get a HELOC because the...
Chris Leppanen
Info on DSCR Loans for first properties
Hey there! So we are thinking about DSCR loans to acquire our first investment properties. We do not currently own a home though.. I have heard in some instances that leaders will require you to own a home already to ...
Colleen F.
Tenants won't ever answer the door
Three 20 something's living in the house and they never answer the door. I have had 3 separate instances where myself or another tenant knocked on the door and they would not answer. These were all for various c...
David Littleton
Double Escrow Question
I've been calling attorneys and a few of them have said when you do a double close i have to bring cash to the table as well as the end cash buyer.
So if the property is 50k and I'm flipping it for 60, I would have t...