Keith Smith
Potential tenant with no SSN
Had a potential tenant who contacted me and stated her husband doesn't have a SSN. On my application I have applicants must have a SSN but never really thought why someone wouldn't have a SSN. Why wouldn't someone hav...
Tia Ricketts
Referrals for DSCR or CASH OUT REFI Lenders in Pittsburgh area•OUT OF STATE INVESTOR
I have a fully rehabbed property in the Penn Hills area that I am trying to get a cash out refinance for. Asking $75k, expected appraised value is ~ $170k.The house is currently rented for 1800 a month on section 8 so...
Kevin King
Apply for HELOC now for future investing?
So, I have a duplex that has about $150,000 in equity and I am starting to think about purchasing my next investment property. Ideally I'd take $20-$30k out with a HELOC to fund my next downpayment. I hear that gettin...
Moses W.
Turnkey question - is there real value?? (Math inside)
There's something I don't quite understand about turnkey properties. If I buy a SFH from a turnkey company, I know that they've made improvements to the property and the purchase price includes the cost of these impr...
Chaim Rosenstadt
Tax on turnkey Cash Flow
Hiusing a 100K property as an example (turnkey), with a 25 year loan, 76K, 5.6% p.a. that would mean the first year roughly 4K interest, and the depreciation would be 100k/27.5=3.6K, so total 7.6K - 630 USD/month.Now ...
Alex M.
Help! Forming LLC taxed as S-Corp
In need of some expertise here. Thanks in advance.I have 6 rental units in NYC that I airbnb. Im also looking to buy a house for airbnb, likely in Tennessee or Georgia with an investing partner.Question:1) Should I f...
Michelle VanDyken
Newbie confusion - where do I go from here?
Hello all! I’ve recently joined bigger pockets and have been reading everything I can get my hands on. I’ve found myself inadvertently in real estate investment. Although I may not have intended to get into it, my hus...
Dave P.