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Hello!Normally, on my taxes, I try to break even or make a little profit BEFORE applying depreciation to the property.I recently applied for my 6th mortgage, and the loan officer significantly lowered my buying power ...
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Anyone else applying for an SBA Economic Injury Disaster Loan? Based on what I've read in the Stimulus Bill we all might be eligible for a 10k grant advance.
"(e) Emergency grant
(1) In general: During the covered p...
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I was informed of a new regulation requiring 12 months of seasoning in certain scenarios and wanted to find out if this would apply if the primary loan of an investment property was a hard money one. It seems to not a...
On today's episode of the BiggerPockets Podcast, we want to dive into some really great buying strategies for picking up properties for the best deals. Our guest today, Travis Daggett, leads us into some really intere...
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Is not selecting an applicant for a given unit, but keeping their application open in case of other vacancies (for example the application would stay valid for 30 days), the same as a denial?
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We have a husband and wife that have applied for one of our properties (both of them applied individually, as instructed). The wife meets the minimum requirements, but the husband does not meet the credit score requir...
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Hi! Does anyone know what the law specifically says about pet rent? We paid a non refundable $500 pet fee that I knew couldn't be applied to anything. But the complex is also not willing to apply the $30/month pet ren...
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Quick question for Texas investors.... I have recently been informed that, the great state of Texas, offers reduced(or exemption) property tax rates for disabled veterans based on their VA disability rating. My quest...
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Not sure the best way to word this succinctly, so I'll use an example. I bought a house in September 2021 for 480,000. It was appraised in January 2022 for 530,000 It was taxed last year at an appraised value of 3...
Basically, I want to make sure that my tenants will be able to pay if one of them ups and leaves, disappears, or gets hit by a bus.Is it ok to require minimum income of 5x for household and let's say 2x for individual...