We had a prospective tenant show interest in one of our rental homes a few years ago. While their credit history wasn't great, they qualified on income plus the husband's veterans housing allowance. They owned a house...
I have a 4-unit property that brings in $144K/yr in gross income. Expense-wise my mortgage payment runs $55K/yr and PITI runs about $15K/yr for an obligation of $70K.Which of these scenarios is correct as it pertains ...
Hey BP! My partner and I are new(ish) investors. We have one single family rental at the moment and bought another house with the intention of doing a live-in flip, but may choose to stay in the property and rent out ...
Hi Fellow Investors Reaching out for a recommendation for a CPA and/or Financial Advisor you guys work with? We own two homes in Hillsborough County now so we want to get ready for tax season next year. Thanks in adva...
I am a California resident with a rental property in Kentucky.My K-1 total from the property is negative, so I transfer that to my Kentucky non-resident state return. Which results in no tax due. This is my first time...
Greetings everyone!First, I apologize for asking something that must be obvious for most people on BP. I have recently started poking around notes (mostly out of curiosity and for my own education) and one thing that ...
Several new petitions are being initiated state-by-state. Common wording being used; "This will allow citizens to stay home from work without the added concern of losing their housing and limit the spread of the virus...
Has anyone used their 401k savings to purchase investment properties or is the penalties and being taxed twice just too much? Thanks in advance.
Just curious how one with much more experience would go about determining whether this deal is a good deal or not. There are some things that seem low such as repairs and vacancy allowance.
Hi All - If we're filling out a standard purchase and sales agreement for a cash deal, how would we include the paymeant of back taxes on the contract if this is part of the deal. Would that just be factored in to the...