I purchased a duplex two months ago in NY. We received a security deposit for the downstairs tenants, but nothing for the upstairs tenants. The people selling the property to us said that they never recieved one fro...
Hi everyone. I have a questions about cash flow of rental properties. So I’ve been reading about all of the expenses I should be taking out of the rent I receive to determine my pure cash flow. Mortgage, taxes, insura...
A person told me a story if how they bought a property through a tax lien for $500 and then say in it for a year and the refinanced it and got $80,000. Is this real or doable?
I'm a beginner and I want to begin some...
Is anyone in the BP community planning on participating in this auction in March? I would be interested to know why or why not you think this is a good way to find a deal. I have a vague understanding of the inherent ...
I have 8 rentals under my social security number. Now my son wants to partner on some rentals. Should I run this under my social security number also? Does it matter? Should I put the new one under my wife's socia...
After a fairly flat 2020 in Austin for rents, 2021 is showing strong signs rents can greatly increase, especially with single-family homes. I've helped two landlord clients this past month secure tenants at much highe...
Question for you all in this community, can you deduct interest paid out of HELOC, which the funds were used to buy a rental property? It is my understanding under the new law, HELOC interests are not deductible for a...
I'm currently in the process of doing a cash out refi on my primary, and plan to use the proceeds to purchase more rentals. I am planning on counting the loan as a loan not secured by my home per IRS publication 936. ...
Hello BP community, new investor here, I recently found a rental property that produces a great CoC return. Turnkey Duplex already producing cash flow at current rents. After running the numbers by my parents, they ho...
Starting a business in the U.S. as a Foreign National can be challenging but I can walk you through the process. Currently, I have a Canadian client who wants to buy a hotel in the USA. Normally if a client already...