Ronnie Darby
Lenders Charging Interest on Holdbacks
I deal mostly with hard money/private lenders (not sure if that changes the answer):My first flip involved all of the money at closing, but for this one the lender is disbursing funds as I progress. They're telling me...
Account Closed
Do we really get tax benefit for rental property?
Lets assume a Scenario: A new investor who invests $150K on a first rental property. No other retal or home mortgages.
IRS: US govt already allows a "Standard Deduction" of S24,400 (Married joint filing). The other o...
James Hamling
0% Risk for R.E. Collapse '22'/'23' - Prove Me Wrong
Lot's of posts about all kinds or fear, warnings, terror this and that of R.E. collapse/crash being eminent, any moment, about to happen etc. AND how it's going to wipe us all out.I and many have replied and written a...
Jay Chekansky
Am I overlooking something while in DD?
Hey BP,I have a property under contract right now and I'm in the DD process. Since this purchase isn't as straight forward as all of my other vacant property purchases, I figured it'd be a good time to invite my "mes...
Aus Smith
Property Management - Contract and Fee Structure
Hey All, I am a CPA who works directly with Property Managers. I have worked full time as an accountant for a property manager for the last six months. I am looking for information for contracts between owners and pro...
NIcholas Hamel
Residential mortgage for mixed use property
Hey everyone, is it possible to get a standard residential 30 year mortgage with 25% down on a non owner occupied mixed use property??? I am trying to put an offer in on a property right now but I am being told by m...
Taylor Hale
Are Upgrades/Renovations Even Worth It Nowadays?! RE: APPRAISALS
Is it even worth it to take the time, effort, and money into upgrading or renovating properties nowadays when appraisers are not even entering the property to take into account the changes you've made? It seems like t...
Scott Goulet
Correct Liability/Insurance for Airbnb/vrbo with a pool
Hi BP, I am under contract for an airbnb property that has a pool. Can anyone discus s the specific coverage for insurance or liability protection I should be looking at? Currently I have an umbrella policy, and i was...
Isaac Lane
Average unit turnaround time for a property manager?
What is the average time it takes for your property manager to get a unit fixed up and rented out? I know there will be a little variation based on size and condition, but I wanted to see if there was some expected in...
Emil Kostov
Treated fairly or burn in hell
Hey guys, I'm in the final stage of purchasing my first investment property and before I proceed forward, I'd love to get an extra piece of the priceless BP advice on the DSCR loan I got from the mortgage company. A b...