Lawrence Paul
How long before most banks calculate Net income/loss on rental???
Hello again,So, my current bank requires me to wait a whole year before they calculate net income or net loss on my first rental property.Needless to say, I am not thrilled because I bought undervalue (20%) and forced...
Terry Royce
Investing in NPN 2nd notes
Recently I have talked to 2 investors one in my local market, and another out of town that have bought some smaller packages of 2nd position non performing notes.Both investors have stated that the strategy is to make...
Angela Jossy
What tenant screening service do you recommend?
In my day job we use Moco for tenant screening. Its super easy. I just fax them the application and usually within 48 hours I have an answer if they passed our screening criteria or not. But Moco only works with large...
Sriram Akkati
Title Company Mistake - incorrect property tax amount
Hi All,Can anyone advise me? I really appreciate help here.I bought a property in Indiana, Marion County on 3/9/2022 through a wholesaler, it was a cash deal.At the time of closing, the title company generated the onl...
Margaret Feit
Changing Depreciation Period from 27.5 to 39
I have a couple of short term rentals, definitely under 7 days average rental period. When I bought them several years ago, I started off depreciating them over 27.5 years, but after reading much conflicting informati...
Alia Ganaposki
Middle aged and tired in New York City
*waves hello*I am not 21 and eager to make a million dollars in the next 5 years. I hope these pockets are big enough for me.We have been short term renting two spaces in our home in Queens through Airbnb since 2013. ...
Tricia O'Brien
My First Tax Lien...in Steamboat Springs, Colorado!
10 days ago I took the plunge and bid at my first online auction...placed the winning bid on one of five liens I bid on ! I'm happy that I bid only 4% over the minimum bid and still got one. This has given me the c...
Samuel Dunlap
Maricopa County Probate Records
Hello BP Community,
Unless I am mistaken, Maricopa County (Phoenix, AZ) does not post their probate court records online, unless you can provide specific names or case numbers. I am hoping to view all cases among ran...
Tyler Harz
Ideas on Where to Look for Renovation Funding
I'm in a little bit of a pickle at the moment.I bought a property for cash ($10,000). 2br/1b in Reading Pa. Needed 8-10k of work. ARV 30-35k. I figured I could take a line of credit out on the equity once I bought it,...
Sentel Mays
Real Estate in Puerto Rico
Hi Everyone,I was wondering what you guys thought about investing in real estate in Puerto Rico. Is anyone in here doing it and if so have you had any success?