Alexander Friedman
Advice Needed - Multi-Condo Water Damage
Hi everyone - I'm hoping to get some advice on a complicated situation that we're facing for a rental condo that we own in Worcester, MA. On September 4, our ground-level unit was subject to an immense amount of water...
Aubrey P.
Biden Executive Order
As a landlord, who relies on credit scores and other pertinent information to vet renters, I’m concerned about Biden’s latest Executive Order. He’s looking to try to ensure racial equity by a change in how credit repo...
Yenlan Patton
Should you make improvement of rental property to reduce tax ?
What would you do to help reducing your taxes with your rental property income ? we have more income from our rental homes this year which is a good thing but other hand we will pay more taxes next year. Any thought. ?
Aaron Farr
Large flip finished and sold
This flip ended up being WAY more than expected but it turned out awesome. The quick flips are nice but I really did enjoy the process of practically building a new house. I learned SO much from everything about this...
Matt Wells
Insuring my rentals. ACV vs RCV & $5k vs $10k deductible. What would you do?
I'm re-evaluating my insurance on my properties. I am going to insure for purchase price + rehab cost, not the appraised value. I am getting proposals on ACV and RCV policies and $5k, and $10k deductibles. If there is...
Eduardo Aguilo
RE investor friendly banks
Hello fellow BP members. I live in Houston, Texas and are getting ready to open a new business bank account for my newly formed LLC. Are wondering which banks may be more friendly and convenient to us real estate rent...
Kris Benson
How do I calculate future potential?
Happy Holidays!
How do we create a value of future potential of a property? This numbers below are for a 12 unit for sale in upstate NY.
Based on rent roll 2% rule means we should look at a purchase price of around ...
Larry K.
How to refi a rental without a W-2 type of job?
As I have heard, traditional lenders (banks, S&L's) want you have a W2 to refi a rental (ie long term 30 years, 75 LTV, 5% at this point in time).
What are your options if your employment situation changes? Th...
Billy Bob
No primary mortgage because too many rentals?
This is a new one. I called a well known CU about a mortgage on a primary residence. They said if you own more than THREE rentals they will not accept a mortgage application on a primary residence. This is even if I o...
Lance Mundo
Proving 750 hours for deductions
How can I prove 750 hours of work, and more work than my W2 job in order to qualify for maximum deductions when filing my income taxes? I want to reduce my federal income tax to zero. Are we using a time log? What is ...