Hello All - I am a newbie to the whole REI world. I have been reading up on the forums and listening to the podcasts but I cannot quite find the right answers to my questions. I am thinking about using a hard money le...

Below is an excerpt from a Rental Property Cost basis worksheet taken from Turbotax. Basically they took the amount I paid for the property $83k, then added in some loan costs, plus $2k in Capital Improvements. Then I...

Hello,
In 2018, I had a contractor do a substantial home improvement project to my town home ($29k worth).  The project included replacing the roof, replacing all windows, and installing aluminum siding to the exteri...

hello BP, question about doing my taxes this year.. I bought a duplex and took out a 20,000 loan to fix it up.. I would like to buy another property this year and need every penny of income to help show the bank to qu...

Thanks to everyone who responded before, this forum is so great. I'm a first time landlord, I rent out half of my house.  I'm trying to find out my depreciation number and more questions have come up. I understand I c...

Whats up BP,
So i found a duplex in my area that just  hit the market 2 days ago, It's list price is $179,900, it needs a lot of work but it's currently being rented for $2,115 (unit 1: $1,265, Unit 2: $850), cashflo...

So interest rates are tanking so I was about to refinance and take cashout from some properties.But, speaking with my accountant, I found out that interest on the refi will not be tax deductible because I am not plann...

I am up against my DTI ratio for a traditional mortgage and I have been looking in to the DSCR option and it from what I am seeing it looks like a decent way to continue to scale. Does anyone have insight on what the ...