Justin Conatser
Private money. How to determine how much to ask for?
Have a deal at purchase price of 45k and estimate of rehab is 30-40k (ARV is 125-130k). Should I ask for the 75-85k and if I’m under budget just have the excess? Any suggestions would be helpful, or any private money ...
Jason Poelma
Am I missing something? Depreciting Expense calcu on Refinance
I set out to do a refi on my personal residence with a bank who would also give me a HELOC at more favorable CLTV than I can get from my normal lender. I just found out that they denied me for excessive DTI. When I as...
Kasha Williamson
1031: Sold Turnkey home, purchasing unfurnished - may I use 1031 to furnish new STR ?
My purchase is $25k under the net of the STR sale, would like to use that $25K to do some landscaping improvements (trees/fencing) and to furnish the STR. May I use that $25k difference to do so, and if so how does my...
Jim NA
Regarding Roth IRA contribution limits.......
Good Morning :)Hopefully I’m posting this in the right forum. My question is regarding Roth IRA contribution limits. I have been maxing my pre-tax employer 401k and was wanting to max my Roth as well when I noticed th...
Paul Pratt
Insurance Question For Financing
Hey All,
I currently have a client (buyer) under contract on a fixer upper. She is using financing, and we have a few issues. Insurance won't let us bind until they are remediated and the seller is not willing to he...
Rizwan Halim
How to divide this up?
My brother and I want to invest in a rental unit. He has the money to invest but I have the credit and am local to the property (i.e. will be managing the property).
So suppose he put in $50,000 towards a $400,000 p...
Account Closed
How to forecast NOI
Hi guys, Determining NOI is not problem, but how would you suggest forecasting future NOI for the the next 5-10 years when running a DCF or trying to calculate net present value? Thank you.
Mike Gorius
Insurance Needed for a Home in Poor Condition!!
Hi,
I am closing on a duplex that needs a lot of work...a lot. The bones and roof and plumbing are good. Roof and plumbing was replaced just a few months ago. I'm buying the home for 35K and only need coverage for 70...
Mike Palmer
Are broken fridge water lever and carpet stretching normal wear and tear?
I have a tenant that broke the fridge water lever off. Like the part where you press with the cup to get the water to shoot out, broken clean off. You can stick your finger up in the hole and pull on it and still get ...
Anna Stolpe
Depreciation can not be deducted?
Hi BP community! I just talked to a financial planner/CPA and she said that depreciation of a rental property can not be written off as a deduction if your household income exceeds 150K. I could not find any proof of ...