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Soaking up all the awesome information on BP lately and have decided that I want to actually get in the game vs. sitting on the sideline.
So, at my age can I actually buy a duplex/triplex? I don't really have a cred...
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Hi,
These are my numbers, I'm new so I want to get opinions from others who are more experienced:
Duplex / FHA 3.5% down (12,775)
Purchase Price: $365,000
Gross monthly rent: $2700
Total Monthly Payment: $2400
50% ...
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I'd like to know how estimate the cost of improving raw land by building roads and extending utilities. Is there any way to get a ball park idea for this without engineering documents to generate a quote from an exca...
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I'm looking at a small MHP, 6-Units, in Maryland. It will be my fist MHP and commercial property. It's a small market about 30 minutes away from a small city in MD. pp=$305,000
4 of the 6 units are occupied at $850/m...
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I have the following situation. I have two properties, each in their own LLC. If I have an expense that's only related to one property, say a utility bill, than I can expense it under that LLC. However, sometimes I ha...
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So I just finished BRRRRing my first property and my second is under rehab right now. My lender had told me that they would be able to refinance me out of both of them based off the appraisals, but now I found out tha...
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Tax question for accountants, CPAs, or anyone that has knowledge on tax law: My LLC was formed late in 2015. Before the entity was officially formed, I had expenses that went toward my real estate business (RE courses...
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I have a quick question about the general rule of a possible tenant having an income of 3x's the rent. Does this rule change any depending on number of kids? If rent is 1000, then an income of 3000 seems fine f...
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Hi everyone,I have a couple questions regarding the Ohio salesperson licensing: First, I understand that an applicant must be sponsored by a broker. Does this mean I am required or expected to work under that broker i...
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Hello everyone! This is my first post to the community :) My mom and I have purchased our first rental property in North Myrtle Beach, SC. From the start, I want to ensure we are correctly setup legally and financiall...