Brian Kempler
DSCR refinance loan against a property leased on a lease option
Hi, if I lease my house to a tenant, and the tenant has an option to purchase, will DSCR lenders look unfavorably upon the tenant's purchase option? Are DSCR refinance loans ever approved in this case?
Ernest Wade
Areas Around Philadelphia
Hello BP, I wanted some help with what some of the best zip codes and or Neighborhoods to invest in/around Philadelphia? Looking at a strategy to Brrrr or light rehab to rent out to long term tenants. Any advice would...
Ihe O.
Contrarian Landlording
I have never paid more than $30k for a house.I have never run a credit check or asked for a credit report on anybody who has applied to rent any of my properties.I have never asked a tenant for their SSN, DOB or any o...
Michael Plaks
EXPLAINED: Depreciation - myths & reality
Years ago, I was at a CPA conference, and the lecturer finished 30 minutes early. Unheard of, I know, but it did happen. He asked us what we wanted to learn in the remaining 30 minutes. And 300 CPAs in the room almost...
Isaac Atwood
Purchase Price $77k. Rebuild cost $880k. Insurance
I purchased a 3 family for 77k. After repairs it will be worth around $150k resale value (TOPS). The insurance company refuses to insure me below a rebuild cost of $880k. I know this 3 family isn't worth anywhere near...
April Causapin
Confused first time rental property (duplex) buyer.
Found a duplex with two (1 bedroom, 1bath) BUILT IN 1929. Currently has tenants paying $1000 each. Need to update to increase rent to possibly 1200- 1600 (on the high end). I’m alloting 10k each unit. Each unit is 580...
CL Ziegler
Expenses, Repairs -vs- Improvements
Hi Everyone,On my last three tax returns my CPA surprised me by prorating several of my HUGE expenses, citing that they were improvements so the full amount can't be claimed on one year's return. (he diviede them over...
Chris Knapp
Flip or rent in a Minnesota deal...
I have a pretty basic scenario I'd like some opinions on... I bought a property in December for 31k, and put 18-20k into rehabbing it. Im debating on flipping it, or renting it. It would rent for $900-$950/m, and my r...
Michael Ablan
Insane Mentally Ill Tenant. What to do?
Hey everyone! I've got an interesting tenant situation on my hands and was looking for some advice.Some backstory:I closed on a 4 unit building with 1 inherited tenant. To say she is a hoarder is over simplifying th...
Todd Hensy
Real Estate Investor vs. Mortgage Lending?
I am new to real estate investing and bought many books on how to buy, fix, rent, or flip them. I haven't made any deals yet. I was also considering mortgage lending as a career.My question is ....which is more profit...