Kent Lord
Weaknesses of BRRR? Sell and cash out or Refi and cashflow?
This post is my real life deal, I need to explore possible creative options.Ideal Situation: Is to refinance the house and still cash flow. But be able to have enough cash for a 20% down payment but I would need about...
Kevin Pinkard
Financing without personal impact
I was just told by a lender yesterday that my debt to income ratio was above 45% so I need a cosigner for an investment property. The key thing that sticks out to me in this conversation was that by having a primary ...
Tiffany Tan
Help with owner-occupied duplex tax filing
Hello everyone, I need some help with my taxes. I own an owner-occupied duplex in Philadelphia, and each unit is equally 800 square feet. I want to make sure I'm doing everything right before I submit my taxes.
Here...
Luis Velazquez Lorenzo
Are "We Buy Houses Cash" Businesses good cash buyers?
I stayed up till 2AM last night submitting 20 applications to have "We Buy Houses Cash" Businesses make an offer on a property I have under contract. My asking price is $105,000 for a 2bd/1ba 986 SqFt home in Rock Hil...
Justin Fox
Depreciation of appliances, fixtures.
If you put your previous home up for rent (10 years old), can you depreciate the appliances, and fixtures separately even if the the appliances and fixtures are not brand new?Thanks,Justin
Wanda Palmer
Sale of 1031 rental property with no replacement
If a 1031 Rental Property, held for 10 years, is sold with no replacement, what forms need to be filled out for the IRS?
Kyle McCorkel
Letter to seller - Owner Financing: Please Review!
I've been pursuing a potential owner financed package deal for three properties, 6 units total. The seller is working through an agent. From what I know so far, the seller either owns the properties free and clear o...
Account Closed
Do we really get tax benefit for rental property?
Lets assume a Scenario: A new investor who invests $150K on a first rental property. No other retal or home mortgages.
IRS: US govt already allows a "Standard Deduction" of S24,400 (Married joint filing). The other o...
Carlos Webel
Owner financed offer and amortization schedule
Dear all,I’m working on a 3/2 SFR rental lead in Houston Metro area. Asking price is 175k$ and I’m coming back with the following 2 offers: a)160k$ cash, no contingenciesb)175k$ Owner financed with 40k$ down and 135k$...
Ashish Acharya
Cost to get MLS access after I get my RE license?
Hello All,I have decided to get my RE license. However, I am not trying be a full-time agent. I just want access to the MLS to be able to run comps and schedule appointments on my own.I did some research on what would...