Paul D.
How does a mortgage company look at depreciation?
Hello!Normally, on my taxes, I try to break even or make a little profit BEFORE applying depreciation to the property.I recently applied for my 6th mortgage, and the loan officer significantly lowered my buying power ...
Marisa R.
Turnkey versus Adding Value
I think about 6 months ago I would have said stay away from turnkey, however its still very much dependent on the price you pay for turnkey product.There are many turnkey operators in US that are charging way too much...
David Hansen
USAA Rental Property Insurance
Hello BP!
I've been doing some research for rental property insurance policies and see that USAA has some very competitive rates with good coverage. Has anyone had any experience with this policy or advice?
Thanks!
Kyle Eckert
How do you determine quality of a rental?
I'll describe my situation as opposed to asking a question, and please chime in:To start, I work my W2 as a Quality Control Analytical chemist. My attention to detail, while sometime lacking in the chemistry setting,...
Jim Biggs
security deposits
Curious? What % return 100% of security deposit? What do you think is the average $ amount applied to repairs? And, how does that fit into some of the new insurance products that are being marketed to landlords in ...
Jonathan Howard
Painting over finished wood trim
Hi All - I'm under agreement for a condo that has finished natural wood trim. Good news is that there is no lead paint. Bad news is that it looks very out of of date. I want to paint it white but am losing sleep a...
Carmen Moscarillo
Happy to be here!
Hello Bigger Pockets Crew! My name is Carmen Moscarillo, and am here to continue my growth in real estate investing. My focus is on SMF properties, and I hope to invest in a new property in the next couple of months. ...
Jonah Hartsburg
Homeowner’s Insurance With Roof Exclusion?
BP nation,I received a letter from my insurer on one of my rentals saying they will discontinue coverage unless I replace the roof on this home. I just had the roof inspected and confirmed there are no signs of active...
Matt Kehl
20-30 Year Fixed Rates for LLCs???
I’m new to Wisconsin RE investing and curious if 20-30 year fixed rates for LLCs are possible. If so, would you be able to message me contact info for these lenders? I’ve read about signing under your name then transf...
Miguel G.
Dodd Frank/Safe Act
I was planning on buying properties and sell them using owner finance. Then, I read the Dodd Frank and SAFE acts and ran into a road block. I heard that you need a Mortgate Loan Originator.All I wanted to do originall...