Dana Fisher
New realtor and investor from Missouri
I just finished a very expensive coarse in house flipping, & wholesaling...now 3 months in and I've still not acquired one property. I think I'm doing all the right things i.e. bandit signs, business cards, fliers...
Sean Dezoysa
Using hard money loan as a gap loan without rehabbing
I'm targeting a property with about 20k rehab but will sell as is to a homestead buyer. I want to use an HML to fund (most of) the acquisition. When I resell the house on terms a 1st will be created and sold cover a p...
Lucas Hammer
Second Mortgage for Rental Property?
So I'm looking to buy a house out of town and was hoping to use a second-home loan to get a lower than 20% down payment. We'd also like to rent it out with a property manager for the first year while it builds up equi...
Andrew Pettit
Active Military Tax Question
Morning BP, For the 2020 tax year as an active-duty military can I deduct my gas if I am driving to a location that is not my normal work office? I found out that active duty cannot deduct haircuts anymore. ...
Christopher Smith
California Bill AB 828 - Very Important
(Received the following notice from my Property Manager yesterday regarding new California proposed rent legislation):In an effort to keep you informed of all of the laws that seem to change daily, we wanted to give y...
Demetrius Brown
Here’s the inflation breakdown for September 2023
According to CNBC,The price index rose 3.7% in the 12 months through September, unchanged from August, the U.S. Bureau of Labor Statistics said Thursday.Pandemic-era inflation peaked at 9.1% in June 2022, the highest ...
David Hathaway
STR Rental Prices Falling and Inventory Opening Up, Anyone else noticing the same?
I've been looking at short-term rentals and noticed just recently more inventory has come on in the market at least in Massanutten Resort. Wondering if anyone else that's looking at short-term rentals as noticed an in...
Marquis Washington
Indianapolis: You got burned? Sell Your Property Now
I'm seeing an increase in those of us who got burned with Morris. If you need to sell to move on, lets connect. We'll get that property sold and have you on your way in no time!Worry Free!Warning: the haircut is DE...
Chris Seveney
In Over Their Heads?
Background: Last week Arbor Realty Trust foreclosed on four apartment buildings in Houston. The Unpaid balance was $229M and the sale went for approx. $197M (15% discount). The borrower had short term bridge debt on e...
Dave S.
Rental income increases DTI ratio
Hi all. I have a question about a future problem I see with DTI ratio. As one's portfolio grows so does income obviously which is a great thing. Just wondering how people work around how banks look at rental income ta...