Raymond Lopez
what do you think? PICS! first rental investment property
OK , so I thought this would stir up a conversation. I am in the middle of analyzing this vacant property which is off market. It is in need of extensive rehab and I am in the processing of trying to get a GC out to g...
Dominique Mitchell
First Rental Property
Hello All, I hope everyone is staying safe. So I was hoping to get some feedback. I am hoping to get my first BRRRR deal done. I will do a walk through tomorrow with my realtor.Some of the numbersAsking price-$20kEst...
Jason Leaver
sewer line replacement a tax deduction or depreciation?
I bought a duplex last February and will owner occupy for the first year. I knew the sewer was partially collapsed when I bought it. Last month I started a major renovation which began with replacing on the sewer, the...
Tim Robbie
CPI weighted escalator clause
Hello everyone,
Im writing up a new lease contract and I'm no lawyer.I need to add a a CPI weighted rent escalator clause.
Does anyone have one?Thanks!
Dan Graney
House Hack Business Expenses
Buying my first Duplex and I will be living in the upper unit. Bought it thru an FHA it would be considered my primary residence.I just bought appliances for the lower unit. How do I handle this as a Business expense?...
Account Closed
FHA increasing loan limits for 2018
Apparently as prices are rising, FHA is increasing their limits to government backed mortgages on average by 6.4%:
https://themortgagereports.com/34740/fha-loan-limits-are-increasing-thats-good-news-for-borrowers
So...
Abe Mazliach
mechanical permit and building safety inspection
I own a house that I rent out to a couple. A City Code Compliance Specialist came to my rental unit and told me the direct–vent wall-heater was installed without a plumbing gas permit. He told me to obtain a mechanica...
Gabriel Santin
Woodbury, NJ experience
Hello everyone,
I am very interested in a property in Woodbury, NJ for my first house hack. I am wondering if anyone has bought property in the area or knows anything about the town as far as schools, transportation,...
Andrew Postell
Helpful Investor Tax Return Hints
Today you are going to get some really important “behind-the-scenes” information on how a bank examines your tax returns. Often we submit our application for a conventional loan to a bank, someone tells us that it’s ...
Alwilleed Kalout
Suggestions On Where To Buy 4/11
Hello all.
I am currently searching for a SFH or Condo to purchase in Columbus. I have a brief idea about the neighborhoods but, thought it wouldn’t hurt to ask. Some preferences I have are:- Most important thing to ...