Melissa Marney
First Property purchased prior to housing crash- still a win
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $375,000
Cash invested: $30,000
Converted property to a 2-1 and refinanced years back to be paid off in four years ...
Eric Ursitti
Oil to Gas conversion
Hi All, I'm looking to buy my second multi unit rental property in the North East. The numbers look great and it's in a solid location but the one thing I am not familiar with is it uses oil heat (my current multi is ...
John Boby
Rental property tax deduction
I purchased a house back in 2008 as a owner occupied, and spend about $50,000 for remodeling on it same time. From 2011 I converted this house to a rental investment house and stared to collect rent on it until now. S...
Kaity Pari
HELOC or equity loan ?
I am one of this who is always looking for a good Real estate investment..
I have a lot of equity on my primary residence.. how does equity line of credit work ? What I would like to do is if I see something interest...
Dario Furman
County appraisal office discrepancy
The fourPlex that I’m currently looking at was bought as a duplex 15 years ago but they Converted it into a fourPlex with two studios however they never added any additional square feet just closed off some walls and ...
Dennis Trinh
Assisted Living Residence in Scottsdale, AZ
Hi BPers,I wanted feedback for my first newbie rental. I'm under contract and COE is end of the month. I'm buying a pre-foreclosure property as-is (condition is okay when home inspector checked it out) SFR (3bd/2ba) p...
EJ K.
Renovation question/ do or don’t
My wife and I live in our second property which was a 1500 square foot 2 bedroom (loft as well) and 1.5 bathroom. I am graduating residency and moving and we are converting this into a second rental property. We got...
John Philip Eugenio
Corveting Master Bedroom to ADU
Good afternoon BP, My wife and I just bought our 3rd property in California and we currently occupy the house. The garage was coverted to a Master Bedroom (permitted). Now, we want convert the master bedroom to ADU. T...
Mike Reynolds
In laymens terms please
I have a question that I cant seem to get answered just right from my broker. A search has turned up nada here too. Lets say I make 50k/year and have an IRA also at 50k just to keep it simple. If I do nothing I pay ta...
Mark B.
Accounting while using a PM
Good morning all - I've been using a property manager for 2 years now. They use appfolio, and on the 15th of the month, i get my owner payout as well as the owners statement (pdf). I go through the statement line by...