Dear BP
I'm a newbie looking to buy my first investment property. Recently I've found some great homes that appear to be in good shape functionally (newer HVAC and solid roof /structure) but don't have the aesthetic ...
In the end, I'd certainly get qualified legal/tax advice, but I'm looking for some more initial information here. If my wife and I sell an investment property (held in our names) and do a 1031 Tenants in Common exchan...
Hi BP folks,
I am planning to transfer part of the ownership of a rental property in SC under my parent's name, so that they could live there and be able to claim it as their primary residence. My question is, if th...
With regard to short term rental mortgages how does the lender look at the borrowers Debt to Income? I know with long term rentals you can show the leases and that will offset the DTI. But with STRs how do they look a...
I have received 1099 from the county for the rent subsidies I received in 2020 thru the Cares Act. How will this money be taxed and why should I receive the 1099 and not the tenant. I understand the money was paid d...
Disclaimer: I am going to run this by my accountant this week as well. At the beginning of 2020 I had three properties that I owned 50/50 with a partner. Midway through the year, my partner and I transferred the prope...
Hello,
I am brand new here. I am currently in the life insurance business, which has been treating me well. But I really want to get into wholesaling. Any tips for beginners?
How do I go about increasing the rent on my new tenants? I’m closing in October and their lease will need to be renewed December 1st. Do I just write up the contract with the new monthly rent amount or have a verbal c...
Brand new to investing, doing reading now. Have been talking real estate with friends and family and family member offered to invest $10,000 with us on our first deal or deals. Just finished The Millionaire Real Estat...
Anybody have experience with fumigation for termites? Pest inspection recommends it. It seems to me that the termites will just come back...the pest company will guarantee for 3 years...not sure if this is worth the $...