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Hey everyone.I’ve been reporting my rental income for the past year now so no issue there.But, my mortgage is 2700 and the rent charged to the tenant is 3250. Do I report the entire amount $3250 as income or just the ...
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Have a new tenant that started July 1, she reached out for a maintenance request for a ceiling fan blade that broke, I plan on rejecting her as this was the tenants actions that caused the damage. Was thinking saying ...
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Hi. I'm looking at a property in Baltimore and wondering about Belvedere Square/Chincopen Park. Baltimore seems a little difficult with high property taxes ($3200).The house is owned by a relative so it's an off marke...
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Hey guys,I recently came across a property that is up for probate auction this Sunday. It's a great property in a great area. I have thoroughly researched the property and have decided to purchase it and have secured ...
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My question is, I am about to go under contract with my first Fix And Flip. I have set up an LLC and I am lending my LLC about $40,000. This will be used for the company to have as a down payment. When I sell the home...
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Hello,I am a new to the game and I am trying to wrap my head around some of the terms I see used a lot on these forums. I would like to know the difference between hard money lenders, equity partners, and private mone...
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My tax lien lawyer didn't file the lawsuit within allowed time frame, and my tax lien expired. He apologized, said it's very unusual to have a case to fall through the cracks in his office, and promised to send me...
I am a new homebuyer looking to purchase in AZ. I had a discussion about this with my lender but they didn't seem 100% confident in the answer they gave me. My question was regarding using a family members cash to giv...
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Why is it so hard to find an insurance agency that can provide insurance for 9 rentals in LLCs, umbrella policy for all of them and do this with in a reasonable cost? Im am better off keeping my properties out of an L...
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Wanted to get input from experienced investors in the BP community that have used hard money in the past as part of a BRRRR investment. I have a couple questions that I am hoping the community could help answer!- What...