Account Closed
Legal to Require Monthly Income 4X the Rent & Continuous Income?
would it be legal to require applicants make at least 4X the rent monthly to be considered?ie rent is 1000 so must document that income is at least 4000 every month?also how could it be made legal, if possible somehow...
Sergio P Ramos
Rehabbing/Flipping late in the year.
How do you fair late in the year rehabbing/ flipping houses? Do homes sit a bit longer than usual? Is there anything that you do different rehabbing/Flipping late in the year?
Michael Garcen
Reasons to do Rentals and Calculating Tax benefits of a rental?
I just bought my first home property last year, so i'm very new to the real estate world. I've done some hard money loans which have been great and yield around 8-10% interest. I've been toying with the idea of gettin...
Marita Jojo
How is everybody getting rent ?
It is getting challenging to get the rent. One of my tenants is not picking up calls or if pickup saying that they don’t have money and making lame excuses and that they are going to talk to their lawyers. I know the...
Bob Bailey
Got a awesome job offer Need advice Rent or Sell ;)
Dream job just accepted weeeeeeee the bad is the broker market analysis just came in on my home at about 39k less than my mortgage. Oh the woes of the housing market lol. It might even appraise for less who knows.
...
Aria Azarli
Investing as a 16 year old
As a 16 year old, I know everything I need to know and more to start in real estate. I already own multiple business’s ranging from flipping cars, day trading, and importing high-end commercial stones. At the end o...
Berdine Ramos
What are doing it wrong?
Currently husband and wife have W2 jobs that combined put us a little over $250k. Because of that income our tax guy is stating we loose all our write off benefits from our 1 rental and is actually discouraging us ( t...
Kenny Dofer
Unconventional investment strategy?
Hello,I live in a pretty hot market, with very low vacancy rates and high property demand. I was recently laid off from my job and have three issues: 1) No way to get a conventional mortgage 2) Need a place to live, a...
Mark Sanchez
Handling principal payments & depreciation on a non-cash flowing property at tax time
Hi all!
If I had a rental property with exactly zero cash flow at the end of the year (after paying for mortgage/escrow/insurance/maintenance/etc.), would some of my depreciation expense shield the funds that were us...
Brendon Botelho
Renting out primary residence to move out of state (back home)
Good Morning BP,My wife and I moved from Massachusetts to Virginia last summer for a job opportunity. We bought a house 4 months ago but just found out we are expecting. She is currently in grad school and will be una...