This is my second year having rental properties. I depreciate rental last year. Do you depreciate the rental property every year?if so, my net income of rental property is very small. I am trying to get new loan and l...
Rates are likely to go up at the next two federal reserve meetings. This means that monthly mortgage payments will rise and these numbers will be eating into affordability for the average home owner. It also means t...
My wife and I bought one side of a duplex (basically a townhome) and are looking at buying the other side so we have control of the entire building. A benefit would be that we could paint the brick and generally impro...
I charge a flat rate per occupied bed in each STR. About 18 months ago I increased the rate by 25% across the board for every property. $200 went to $250. Have you changed your rates?
What are some of the pros and cons of using part of your retirement account to create a self-directed IRA for investing in MF? I'm looking to start investing in and perhaps sponsoring a few deals asap this year and ne...
Who is late on their payments and what does it mean for the housing market? In 2008 the housing market crashed due to the high level of leverage, but laws have been enacted to prevent that from happening again. Right?...
Hello. I have a recent property that was purchased and being updated on a very large corner lot that has potential to be subdivided. As you can see in the picture below how I would break it out. The magenta is the fut...
I'm being offered the "opportunity" to purchase Mortgage Protection Insurance for $85 per month on a $165,000 loan in the event I go to heaven so I leave a PAID OFF house to my posterity. The insurance payout would de...
Hello BP Community, I know I'm missing something (Or actually just flat out wrong) when trying to figure out this math equation of Mortgage (Principal and Interest). So I was hoping people here could educate me.I'm tr...
My husband and I own 4 single family rentals. We have a personal home with a mortgage on it that we've paid down substantially over the years. We use a HELOC on our personal home to buy rentals with cash. We have so...