Jack Dephillipo
Househacking - Tax Suggestions?
Hi all, I will be buying a duplex and living in one side, and renting out the other to cover the mortgage. What type of tax writeoffs can I utilize if I'm getting a 30-year conventional primary loan? I also plan on r...
Padric Lynch
When can I start deducting short term rental expenses?
I have an apartment unit that will go online as a short term rental, starting April 1st. I am currently living in the unit and will have to purchase furnishings, supplies, and services to have it operational. When can...
Brenna M.
Starting an SL in Spain to buy property as a foreigner
Hi! I'm new to this forum, seeking help from anyone who might have pursued the same situation I'm interested in.I'm a US citizen, residing in the UK. I'm interested in starting a sociedad limitada (SL, equivalent to a...
Zachary Schimenz
Estimating potential rental income
I'm analyzing a bunch of properties at the moment, what's your go-to way of estimating the amount of rental income you'll make on a property?Right now I'm just typing in "rent house in (zip code)" which gives me a gen...
Account Closed
Mortgage broker with gmail address
Hello - I'm in the process of buying a house. The regional lender referred me to a broker, who he thought could offer me rates. I'm able to get a much better rate (at least 0.5% lower than if I went to a national ban...
Jason NA
Land Trust Any reason to use?
Its seems to me that the main benifit of using a simple land trust to hold title to your properties is that it will hide the owners anme form public record. This is nice, but it seems pointless for mortgaged propertie...
Justin Cooke
SFR Portfolio Refinance Lender Options/Terms
I have built a SFR/duplex/fourplex portfolio using mostly BRRR strategy over the last 5-6 years of about 85 units. I have most financed with local banks/CUs with good commercial terms - 10 year terms (on average), 25...
Pete Schmidt
How to figure out cap rates
How does everyone usually figure out the average cap rates for their area? I read about a few different methods to see how people can come up with different ones when looking at them on a deal by deal basis. However, ...
Andrew Erickson
Buy Grandma's House on Lease-Purchase?
My grandma is in a very nice nursing home. Her house has been vacant for almost 2 years now. My dad and uncle are trying to deal with her stuff and everything else that goes on with that part of your life. They are co...
Reed Rickenbach
Lender Won't Cash-Out 100% of Cost in Memphis
Howdy all! I am an investor here in Memphis, TN. Currently up to 7 buy-and-hold units. I recently came upon the perfect BRRRR - one in which an 85% ARV LTV Cash-Out Refinance would return all of my initial out-of-poc...