I'm in the process for finding my first tenants in my first rent house. I'm just a little confused about the 30% rule. Here is what it states in my criteria: ''Monthly rent shall not exceed 33% of gross monthly income...
I just replied to a post about LLC and umbrella insurance. I'm in camp of thought that a good umbrella insurance is the cheaper option for better cash flow (lower tax prep and expenses).However, I got notice a few w...
I'm asking this question on behalf of a client who is selling a property where the total capital gain looks like it will be less than the suspended losses they have accumulated on their tax return over the years of ow...
My recently departed tenant's deposit was not enough to cover all the repairs (repairs NOT due to normal wear and tear). what is my recourse? I am in Colorado. THANKS IN ADVANCE for any suggestions!
Looking to purchase a home on a corner lot and had survey done on the original plat drawn out in 1926 it states the lot to be 67.8ft wide 130.5 ft deep. The house has not been sold since then, the tax accessor office ...
Hey all,Seller agreed on $15k for seller concessions, but my closing costs are $14k, losing out on a little less than a thousand dollars. Still money that can be used for repairs.What can I do if my seller credit exce...
STR Achievement Unlocked: I have a business partner who has an AI bot filling last minute vacancies on FB and, because sometimes it was too late for the canceling guest to get a refund, he sometimes runs occupancy ab...
I have several SFH rentals in the nicer area of Albuquerque. I have been considering converting them to MTR. Generally, I'm reading that MTR should be within five miles of a hospital or two, as traveling nurses repres...
Hello BP fam, Just have a quick funding question? I am a new investor and I'm looking to obtain my first fix and flip. At the moment I am working on wholesale deals. Can I get pre-approved from a Lender that exceeds ...
Look at this crapshack with so many high voltage lines near it.According to the data and tax info, the home value estimate is about right, but look at the loan info.I'm guessing that's a reverse mtg. But how are they ...