Dear lenders and those in the know!Will bonus depreciation/Cost Seg/RE Pro election hurt my DTI?I am going to massively reduce my tax burden when filing 2018 by aggressively utilizing cost seg+bonus depreciation+elect...
I am purchasing a multi unit here in Las Vegas, and we set to close on the 23rd of this month and well there has been a sticking point as of today. It is so small in nature and I am confident it will not change the ou...
Has anyone found a way to use a rewards credit card to pay their mortgages?If there was a way to pay the mortgage with one of these cards you would get a lot of miles a year.If you had 5,000 a month in mortgage 5000 x...
Rehabbers and builders can rack up a lot of credit card spending on building materials. What's your favorite rewards card for big spenders? Why?
Hi BP sleuths!I wanted to share this tax question here, I was hoping my accountant could help but he didn’t seem to have much advice about this. I’ve got some choices to make about depreciation on a rental property, a...
Hey Everyone,Can somebody please explain how one would finance a property with money from private investors paying say 10-15% interest on a short term loan, say for 6 months? What if you are flipping the property and ...
I'm about to go into contract on a property I want to use as an STR. I’ll likely close on the property around early November and it will need small cosmetic updates, maybe a new deck, and of course new furniture set u...
Hey y'all! So my parents want to do some home improvements so they can have their house ready to sell in a few years. They're planning on taking out a loan for 15k for total expenses. I want to know what would be the...
Hi BP!
I was wondering if anyone here has tried creative ways to get your tenants to maintain your property well and to also retain good tenants.
I was thinking about setting up a point system sim...
Question: If you were to purchase a STR to close in November and the seller negotiated that the buyer must honor existing rentals with the current rental company/property management until January of 2025…. 1- does thi...