Neil P.
Looking to get a line of credit w House Paid Off Fully
The house is paid off.
Investment house. Local bank said they cant provide but can provide a 5 year fixed rate which would start right away which i do not want to do.
What bank can get me a line of credit? I am ...
Mark Bosworth
Rehab Costs - What to Expense versus Capitalize?
So when you are doing a rehab, how do you handle categorization of expenses into capital accounts verses expense accounts? Do you even try to keep track of the difference? Any significant renovation to the house cou...
George Bittar
Estate/Probate with Foreclosure Proceedings
Hey All,
Looking for some guidance. I came across a lead and trying to determine if there is some meat on the bone and what angle to take here. First off- this property has not gone through probate and per th...
Benjamin Foullon
Should I Purchase Through An LLC
Hi everyone!I'm purchasing my first rental property within the next few weeks. I'm purchasing out of state and looking in the Cleveland market. Do you think it's better to purchase the property in my name or open an L...
Ethan Anderson
Newbie Question on NPN from FCI
Hi BP,Can someone help a newbie piece together the story behind the note data below? This is just a learning exercise for me, I don't have the education or background to seriously consider investing in NPN's, but I'm ...
Pierce Lovesee
Equity on the books after the property sale, can I deduct this?
Hello,We sold some properties in Oklahoma in 2019 at a loss. The properties were held under a single member LLC. After the transactions were complete, since the properties were sold at a loss and a positive net oper...
Justin Sandall
Tracking returns, tax related indices on rentals
My first rental property is doing great, cash flow positive from day one with a great renter.It's easy to keep track of income/expenses etc. on Quicken for Mac right now, but soon we will be looking to investing in an...
Todd Krzeminski
Bought first note and house already on market!
So I just closed on a reperforming second lien note this month through my SDIRA. This is the first note I've ever purchased. I happened to drive by the property last night, and there's now a For Sale sign out front!I ...
Albert Johnson
Can a tenant break the lease for health issues?
Tenants never complained of a health issue. Now they are stating since moving here they developed severe allergies and other issues, and have been going to the ER quite often. They plan to vacate Dec 1st. Lease expire...
Ben Staples
Question about whirlybird vents
I just had two whirlybird vents installed in my triplex as I was doing the roof to increase ventilation. My roof has a pretty steep grade, and the contractor installed them at the angle of the roof. Do whirlybird ve...