Im in the process of closing on my first rental property near Tampa. It is a townhouse and i will pay a monthly maintenance fee that will be placed in escrow and will cover the exterior of the building and the roof if...
I make under the limit to be able to deduct 25k against my w-2 teaching income. Is anyone aware of there being a limit to how many years you can consecutively take a loss? I am not sure of how pissed the IRS would be...
Found a deal to house hack, spoke to 4 different lenders and everyone promised they could do the deal when they asked for the initial set of documents. Decided to go with one of the one that promised we would have clo...
Keep in mind, this is in California ( Santa Cruz County ): I'm a Self-employed General Contractor, have good credit, and money saved up. In my mind, the best scenario for me would be to buy a fixer, the worse conditi...
Some of my properties are in a heavily hispanic area where traditional tenant screening is not available because of the lack of a social security numbers. I would like to beef up our screening process but don't know ...
Curious as to what your policy is for renting to tenants with no prior rental history (3 years out of high school, they're not trying to hide anything). Background:Newly engaged One is an Electrical apprentice (1 year...
Hey Everyone!
Rookie investor here. Over the last few months I've been aggressively saving for a down payment while browsing BP, listening to the podcast, and reading a few books. I didn't expect to find such a good ...
Just getting started… and so much to learn. We bought our first property at a foreclosure auction with plans to turn into a rental. Single-family home with large yard, as we learn, now rethinking our strategy.
If we...
I am managing a rental property for family as i live a block away and have one apartment (duplex building) rented. The renter is moving in from out of state and has a job offer. I've done a credit and background check...
Things are moving quickly for us. I recently joined BP and we closed on our first all cash deal and have a second in the works. The advice from this forum has been invaluable.
We have been (pre) pre-approved by a big...