Jessica Pierce
Breaking Lease early
Hi I have a tenant that is moving out after 6 months of a 12 month lease. She gave me 2 months notice thinking that was acceptable because in the lease it says 60 days notice for renewing the lease.I can’t find anythi...
Ed S.
Tax and Single-Member Business Entity Questions
I've seen a lot of excellent threads on the site about business formation and taxes. I was hesitant to post on them because most of the recommendations say, "it depends on the particular situation."I am posting the fo...
Jon S.
Liability Exposure vs Tax Exposure, they seem to be at odds.
Based on responses on BiggerPockets, I've realized that addressing these two concerns is not necessarily complimentary, one can cause problems with the other. In Brandon Hall's article on tax planning "Higher Earner V...
Rick C.
Heating Utility: Divide or not divide?
Hello,
I recently acquired a triplex rental property in Philadelphia, PA. The electric is already separated. However, the gas and water are not.
The tenants pay for their own electric usage. The landlor...
Mark S.
Qualifying for a Mortgage with Small Business Tax Deductions
Hi,I am a rather new investor with two duplexes in the DFW area. I also have a small photography business which helps reduce my personal taxable income. The question I have is do I have to be careful about how many e...
Lluis Bacardi
Advice on newbie SFR Deal Analysis
Hi everyone,I would like to get some insight on a possible deal, which would be my first. I recently started looking more seriously into Real State to diversify were my money is and found this website which has been r...
Brian Oaks
Cash out refinance question
Does anyone have specific criteria they look at when doing a cash out refi? The purpose would be to buy another investment property. I have about 10 years left on the mortgage currently. The new terms would be 30 ye...
Brian Egr
How much do you pay in taxes on flip profits?
Here's my scenario, I just started flipping this year, I'm flipping under an LLC, I'm on my second flip - first one went well second one is going OK. I will own the second property for about 4 months (hopefully, its...
John Cornelius
MHP - Forcing equity by adding homes
I'm looking at some MHPs that seem to have room for new units. For instance 10 acres but only 5 homes. I'd like to add 2-3 more homes to force equity/appreciation. Does anyone have experience in doing this? I'm wonder...
Cliff T.
What's the Mortgage Paydown Sweet-Spot?
Purchase Price: $30kDown Payment: 20% or $6kMortgage Amount: $24kAPR: 5.5%Term: 15 yearsRepairs: $8kARV: $40k-ishRent: $700QUESTION: How much should I pay down this loan right off the bat with a 1.99% HELOC of $30k?I ...