Account Closed
HELOC/HELOAN on 2nd home
Hi Everyone, My wife and I are attempting to get a HELOC for a 2nd home. The broker we went with brought down the LTV to 75% as they said it is considered a rental property and not a 2nd home since we don't own the ho...
Jon S.
"Writing off" stuff in taxes
I keep hearing how I as a very small landlord can just "write off" everything. You know, if my renter doesn't pay rent I can just "write off" the loss rent. And it doesn't matter how much any supplies or maintenance c...
David M.
tax treatment of office space
Here's a question that must be a no-brainer to others, but I'm drawing a blank and thought I'd put it out to the BP community. How do you handle tax reporting for an office space? That is, how do I handle the taxes ...
Thomas Sell
myrenatus/renatus...friend or foe???
im just getting started in RE and am looking for a mentor and great quality up to date market conditions and the most up to date information/education on real time investing. I came across a lot of programs and semin...
Chris Mackinlay
Lender requiring repairs before closing
Hey BP.Have a weird situation I think and I would like some thoughts on understanding it. I have a house under contract that needs some work: exterior paint and some plumbing issues addressed. It's ugly, that's why I ...
Jazmine Menders
How Do I structure my STR business to qualify for as many Tax write Offs as possibl?
Hi All,
I recently just started a Real Estate business specializing in short term rentals in South Florida. I am registered in my state as an LLC. I want to structure the business so that I can write off as much as p...
Eric DeVito
What upgrades to make when acquiring a rental property?
Hello all, basically I am in the market to acquire a 2 family property. I will use a VA Loan to live in 1 apartment and rent the other. What upgrades should be made to the property to get it rent ready or increase the...
Alan Jones
Are there any CRE underwriters here?
Hi. I've been out of school for four years and work in residential administration, but I want to eventually make my way up to underwriting commercial deals in a sister company. I know I will probably have to go throug...
Michael P. Lindekugel
A recession is coming and maybe as early as summer
Previously, the Federal Reserve indicated it would raise the federal funds rate four times this year. On March 16th the Federal Open Market Committee said it expects to raise the federal funds rate six times this year...
Lisa Caro
Labor-only renovation / norms on payment & paperwork
Hi! My contractor is requesting a third of total renovation cost as down payment - but I've hired him for labor only (I'm providing the supplies etc). I would feel more comfortable paying a normal labor rate as we pro...