Tracy Cheetham
Lender pre-approved but won't grant mortgage.
Hi everyone, I'm in a hole. I'm self employed since 2016 and worked remotely. During the pandemic I took part-time W2 related project work to supplement the lost revenue during. During 2022 I focused on building my re...
Richard Davis
How many bathrooms are needed in an short-term rental/STR/AirBnb?
How many bathrooms do you think are optimal for a given number of bedrooms in an STR intended to be advertised primarily through VRBO and AirBnb? I recently spoke to a STR manager who cautioned me against a 6/2, sayin...
Sabi Singh
Equity line of Credit on commercial property
I currently own a commercial retail property with a small store on it that is rented out. My question is that do banks give equity line of credit on commercial retail property? The property is paid off and my credit i...
Chukwudi Motanya
Multi Family Deal Practice
Hi All,I want to get into buying Multi Family properties, and I believe the best way for me to get used to analyzing multi family properties will be to analyze 100 different potential deals so I get used to crunching ...
Julie Washburn
Arbitrage tenant wanting reimbursement for lost rent
Hi! We have a tenant who is doing a 1 year lease to arbitrage our property (single family home) out as a short term rental. The temperatures have been unusually low and pipes in the home froze for 5 days so far, makin...
Phil Capron
13 Unit Owner Financed Deal
Investment Info:
Large multi-family (5+ units) buy & hold investment in Norfolk.
Purchase price: $910,000
Cash invested: $5,074
13 unit multifamily property
Owner financed 6%, 30 year am
...
Maggie Hamill
Should we hold or exchange duplexes?
We are builders and developers in the Dane County (Madison, WI) area. We currently have one duplex completed that is rented and cash flowing approx $1,000/mo. However, we have another that is negative cash flowing $50...
Prash Manohar
Austin Tax Appraisal - Heart ache :( future strategy??
Hi All,This question might have been asked before. I bought my rental property in 2021 and was saved by homestead tax (previous owner had it) so ended up cash flow positive for 2021. However now for 2022, HS is no lon...
Billy Farley
Anybody using a LLC with a business line of credit to BRRRR?
I am looking to do my first BRRRR that I do not live in as a primary residence. I have successfully rehabbed two homes and provided over 120k in equity from them. My idea is to form an LLC with my partner to qualify f...
Reed Dworski
How do you treat court costs paid by tenant on federal tax return
I had to file for eviction three times against a tenant last year and paid about $100 in court costs. The tenant paid me back for the court costs and is now current on rent. Should I treat the tenant payments as pa...