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How do I handle this situation? I have a tenant in Colorado Spring might be running a car repair business from my single family rental home? The tenant denies it but I found about 8 broken cars parked by the house. Ca...
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I know there are a variety of screening practices used by landlords and property management companies. Personally, I follow this standard for every application I receive:
- Income of at least 3 times the monthly rent...
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Hey guys, thinking about purchasing a car this year and wondering if it is possible to write off a luxury car for their STR expenses.My tax advisor said that I will need to prove this car was used for the business.I k...
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Here is the multifamily vacancy chart from data gathered and reported by the NAHB.
*in case chart doesn't display you can find it here...
http://www.nahb.org/generic.aspx?sectionID=238&genericContentID=14910...
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Please explain DTI ratios to me. For example, USDA has a 29/41 DTI ratio. They say that your housing payment should be no more than 29% of your income and your total debt should be no more than 41% of your income. But...
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What kind of cars do you guys drive or have? Do you lease, own, or finance? I would like to know before my real estate journey. I currently drive a 08 BMW 5 series and it is killing my savings for my down-payment. Ins...
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Hello BP Community, I have a question regarding one of my tenants:
To give you some quick background info:
- I inherited this tenant in my tri-plex that I bought about 6 months ago.
- This tenant has kept the un...
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Since I see the question every day on BP. I guess I'll start a discussion on it. To the newer investors out there that want some advice starting out. Recommendation... Create a stable income first and then start inve...
Growing up I was a person who hated the idea of assuming debt. I was terrified by the horror stories of students who took out loans to pay for school and don't finish paying it off until their 40's. I also know how ti...
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Hello Everyone , I have recently refinance my house loan , and paid off all debts ( cars, credit cars , etc , within last 2 years) . Now that i have saved up , and i am in a secure spot , i have a secure job ( I do Hv...