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I have roughly a $100k/year taxable income between w-2 and some self employed activities. I want to buy rental property, but my accountant says that I can only take up to $25,000 in losses, but thats only if your inc...
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Good Morning Everyone. I'm more than a bit frustrated with my current lender. Five years ago, I purchased a 16 Unit apartment complex for 472k put about 150k into it. Raised the rents from $500 to $800. Reduced va...
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How are property owners in Mass dealing with nonpaying tenants?I have a “tenant” who is in my unit even though the lease expired last month. I gave close to a 60 day notice of non-renewal for the lease. They claim the...
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Hi everyone! First time posting in the forum. Love all of the other topics - super informative. My question is regarding partnerships and more specifically partnering on rental properties. When doing a 50/50 partnersh...
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New Year = New Listing or BRRRR!
We purchased a 3 unit in Rochester NH in 2022 from a wholesaler we know with the intention of flipping it. The property had been vacant for over a year and it needed over $100,000 of...
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Hey there,Long story short, I purchased a triplex in Mount Dora, FL. Unit 1 has its own meters, Unit 2/2.5 do not. I didn't realize the third unit had not been permitted and is in R-2, not R-3. Dumb mistake. Someone r...
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After talking to my RE agent he recommended a company they use. After a few email exchanges with the VP of Business Development (she was on the intro email from my agent) I found they are not versed in the MW506AE fo...
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I have a partner that I am taking down a STR with and we are planning to use hard money to fund purchase + rehab, exit out through a refinance most likely. My question is how do flippers or others experienced with BRR...
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I was approached by my grandfather about purchasing his property in Southern NJ. He owes $75k on a HELOC (3.25% that matures in 2022) and is ~$5k behind on taxes. He's getting older and just wants out from under it al...
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I have about 140k in cash available, and looking for guidance on the best route for funding the second half of constructing a duplex. A little background, I own about 9.4 acres in Hermitage, PA where I house hacked th...