Rick S.
Do Co-owners Have to Deduct Expenses 50/50?
A partner and I own a rental SFR as Joint Tennants with 50% ownership each. In the past we have split all income and expenses evenly and claimed them 50/50 on each years tax returns. We sold the property in 2017 and s...
Rob Forest
REO Pricing
Hello,I'm new at thins and looking at an REO to buy and hold. I have my eye on a particular property that did not sell at auction and really have no idea what a reasonable listing and accepted offer price will be once...
Mary lou L.
Music to my ears...article describing why NOT to buy a home.
I'm sure this will hearten landlords everywhere...http://www.businessinsider.com/buying-a-house-was-the-worst-financial-decision-i-ever-made-2015-6
Carrie W.
prorating rent for tenant inconvenience
We have a house in New Mexico that is currently being rented. Unfortunately a number of smaller things have gone wrong and required repair (e.g. an appliance, a lock, etc) and more recently there was a plumbing issue...
Metodi Haralambiev
Birmingham AL millage question
I am helping a local friend to analyze his first deal in Birmingham, AL.For some reason, or maybe because I am searching from out of state we can't find the following information:1) official website to check the curre...
James Wright
Eviction Due to Foreclosure
Hi Folks!So everything I read says RUN the other way whenever it shows someone has an eviction. I did a walkthrough with a prospective tenant and he seemed honest and upfront about being evicted approx 3 yrs ago. He...
Jonathan Lilly
Estimation Values
Couple of quick questions here. First, in a book I read, it stated that on average, a landlord can get 1% of total property value in rent per month. However, in the ultimate beginners guide, it stated a landlord shoul...
Mark Webb
tax delinquent properties
Hey guys, I am seeking some advice on tax delinquent properties in **FLORIDA** I am currently looking for a list of property owners to mail or call to that is accurate, I have searched here on the bigger pockets forms...
John McCoy
Bank statement/proof of funds
Hello, so I am still fairly new to wholesaling in Detroit and I need some advice on what to do when a seller asking for proof of funds/bank statements when I do not have the money?
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Beginner question! Need expert advice
Lately I was introduced to a quick way of analyzing property. Say your gunning for strictly 7% cap, the formula would be.
VALUE=NET REVENUE/0.07
My question is in, When calculating net revenue, what do you substract...