John Beede
What % of a deal is a co-signer worth?
I've studied, researched, scoured, and found and great deal on a flip. Numbers are all very good. I've got an 800+ FICO score and I'll be doing (or overseeing) the rehab. I'll also be handling the resale. Only problem...
Hunter Payne
Mint v. Quickbooks for LLC Bookkeeping
I've used Mint very successfully for 10+ years to track income, spending, and net worth for my family's fairly complex personal finances. Every single asset and liability on our net worth statement is linked or inclu...
Jeff Howard
Income Limits to Mortgage Interest Deduction?
Hello,I have a fairly high AGI and am wondering if there is an income cap for taking the mortgage interest deduction and depreciation on any rental properties I may buy in the future. I hunted around, and I don't bel...
NA B.
Changing the lease to a new co-tenant?
My fairly new renter who has a company paid stipend for the rental home expenses wants to remove her husband and add her new boyfriend to the lease. (I told her he needed to be added if over 18). Now wondering if I tr...
Ellie Perlman
How Much a Mistake Can Cost You and How to Avoid It
This is the time to double and triple-check your calculations because even a single mistake can be financially devastating. I’ve seen many people jump into a deal without the proper knowledge or experience and end up ...
Brandy Carrero
Real estate partnership advice
Hi All, My partner and I recently purchased a home, acquisition was 130k after closing. He put about 90k into the home in renovations. It gets a little tricky because my partner is also my boyfriend. He was expecting ...
Federico Martinez
expenses
Where would be the best place to find out all the expenses I would have to calculate in order to rent out a property? or more simply, what are the expenses of owning a house?
Julian Rodriguez
NNN Lease Property Offer?
I have a NNN Lease property that is being offered to me at 2.5 Million in New York. It is a 12 unit property and the existing lease is for 5 years with the option on the tenant to renew after the 5 years for an addit...
Steve Wright
Repairs & Maintenance Deduction on First Rental?
Hello! Last October I moved from my former home and am now renting it out (to my daughter and her boyfriend). I understand that I can deduct repairs and maintenance, though not improvements. My question is, does th...
Garret Coffman
Did I Analyze Correctly?
The deal https://www.loopnet.com/Listing/4300-Rosslyn-Rd-Houston-TX/16820570/Down payment is 25% of purchase price so I got 948,750 with remaining principal of 2,846,000.Income 7 of the units rented for 8050 and 20 un...