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Terms in CRE lending that everyone should know...Adjustable Rate Mortgage: Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.Adjusted Gross Inco...
I would like to keep this short and sweet. I need some advice. I have recently purchased a two family home which i occupy, as well as inherited tenants whose lease is not over till June. couple things we found out the...
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Hi BP Community,This year in June I purchased my first buy and hold property - a duplex. I know that it is important to have cash reserves set aside for unexpected issues that may arise with the property. However, sho...
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Hello everyone, I have to say I am freaking out!! I got a new job over an hour away and I have been driving for over a month and I hate it! I have been trying to find a duplex to house hack but there isn't much in the...
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Hi,
I’m currently living in Orange County, CA and would like to work with a real estate CPA to do my taxes and optimize/evaluate my tax returns from previous year.
I’ve always done taxes by myself using TurboTax in...
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Below is the email that we just sent out to our tenants. Keep in mind, most people don't pay rent just because they fear eviction...Most people pay their rent because they are honest and they honor their contracts. Yo...
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Looking to make my first offer on a multi. This is an 8 unit, C-D class, concrete block in Florida. Half the tenants are section 8. Five tenants have been there for 10 or more years. One tenant has been there for 23. ...
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Some background and to set the stage before I dive into this deal, I have shared my story on BP how I quit my CPA job to purchase large apartment complexes, here is a link:I quit my CPA Job to buy Large Apartment Buil...
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Hi everyone I was just looking into signing up for the Home Depot credit card yesterday (which I found doesn't have that great of benefits) and I started wondering.. out of the three biggest box stores (Home Depot, Me...