I formed an LLC in Texas for my 6 rental properties last year. A letter from the Texas Comptroller of Public Accounts says my company’s first franchise tax report is due in May. What is this and do I need to file it f...
My primary residence is owned in a family business LLC. I would like to transfer the property into my own name so that I can utilize the equity to acquire rental properties. I would prefer not to refinance as it would...
What's up, BP. Recently discovered the site and am pumped there is such an incredible resource like BP. Look forward to getting to know everyone in the forums.
I'm currently a Commercial Insurance and Risk A...
Eight total doors in Indiana. Gross annual rental income is $88,140. After insurance, tax, mortgage, and pm fees, net income is $40,057. $24,540 annual in annual interest to the bank. That’s a lot of money to give awa...
Hi all, most of the lender that I talk to either has to look at personal income or "regular" rental income from an investment property. Is there any lender that recognize STR incomes?
A deal came across my table for a SFR 4 bed 2 bath w/ a cap rate of cash flow of 13% annually in the Ruskin area with a purchase price of $37,500. Are there any seasoned investors in the kcmo are that would consider o...
I am looking for a new credit card. I have a nearly perfect credit score. I'm just wondering which card to get. I've been told to avoid cards that have annual fees and look for a card with high cash back rewards. I no...
Hello folks,
Does the Total Rent income or Net Rent (rent - mortgage, HoA, PM) income count towards the Accredited Investor status $200K annual income requirement?
Thanks,
Sonny
Example (Buy & Hold):Purchase price: € 150.000,00Downpayment: € 35.000,00Additional cost for buying: € 25.188,00 (legal, tax, agency fee, cleaning, mortgage fee)Renovation cost: € 10.000,00Monthly Mortgage Payment...
Hello everyone,I am seriously considering becoming a landlord, and recently I started looking at the "starter" properties nearby. Found a three-unit property with the asking price of $150k, property tax of about $7700...