Trevor Dominique
Calculating Net Income
Hello BP,I am just curious how you guys factor in capital upgrades into your calculations of net income. In my calculation for net income, I accrue for tax/interest/insurance to spread these costs over the year so tha...
Mary Gallardo
Costs associated with rehabbing a flip - tax
How does your tax accountant report rehab costs on your tax return? As ordinary expense as incurred or defer the costs until the house is sold?
Tom Chen
Cash out for rental property
I have a property in Fort Worth, TX without a loan. I tried to take a loan out in the past and because of the delayed financing rule, I was not allowed according to the lender as I have past the first 6 months period ...
Michael Valentine
Lenders - how would this you handle this applicant?
Hi guys!I'm trying to leverage my W2 job with a conventional mortgage for a property that either be a "second home" designation or an investment property (most likely SFR but might be a small multi 2-4 unit).I realize...
Alfred Mills
Getting Started Investing in Fort Worth
Hey All! My wife and I moved to Fort Worth in 2015 from North Georgia. We both have experience in real estate from Georgia: she was an agent and is still an agent assistant for her dad, and I help manage my mom's STRs...
Cameron Riley
If a tenant violates lease, Can I keep entire deposit?
Can a landlord keep deposit is lease is violated in any form? Drug and illegal substance left behind on table, multiple noise complaints before they left... other things were broken within the agreement
William Jobe
Invesment # 3- A learning experience
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $475,000
Cash invested: $185,000
Sale price: $709,000
This property was fully renovated to provide a fresh, mod...
Dayna K hicks
My first investment/ my home
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $380,000
Cash invested: $45,000
Purchased personal home for family. It currently is 1.3K value
What made y...
Robert Lenfestey
Recovering Attorney Fees for Non-payment of Rent in NC
I have a tenant who decided to purchase a house 4 months into his 12 month lease. I listed the property the day he told me he was planning on purchasing a house at the same rent he was paying. He moved out 2 months ...
Sol Dubnov
Credit Reporting
Hi,
Our tenant refused to pay a rent increase that was specified in the contract, so we asked him to leave. The whole ordeal took several months so he accrued a debt of couple $100. There was no rent control ...