Hello to all..How do you or should you incorporate reserve funds into the APOD when figuring out what a property is worth? Since technically it is not an expense (at least I believe not) but a capital investment that...
I'm looking at a purchase of a small seasonal park in an area that's going through a big growth phase. As part of the growth, the city is extending sewer to all properties in the city limits and requiring sewer hooku...
Have anyone been picked for IRS audit upon sale of a rental property?How many years does IRS go back in terms of checking the reported expenses and income, and the accumulated gain/loss over the years? If you read t...
First post for a New BP member! So here goes... Just bought my first duplex with the potential to cash flow nicely, according to my calculations. I bought this duplex using my VA loan requiring no down. My wife is bus...
Looking to build multiple multi-family rentals and would like to know different options if getting funds besides using my own money. Any advice would be great.
A partner and I are selling a rental SFR. We own it 50/50 and have reported all income, expenses and depreciation on our tax returns 50/50 since we have owned it. We would like to split the sales proceeds 70/30 to giv...
Is it possible to find a co-op that allows a 10% down payment? Especially in the Yonkers/White Plains area. I understand there will be mortgage insurance attached to my payments which is no problem.The way I see it is...
Can’t really find an answer for this and I hope it makes sense but when applying for a FHA loan assuming you are approved, do you have to pay more for the P&I since your down payment is so low (3.5% or 5%DP) or do...
I have heard from a couple of lenders that conventional loans are not available on duplex, triplex or 4plex properties that add an ADU (an SFR with an ADU does qualify for a conventional loan). This is not an issue of...
My business partner and I are trying to increase our residential contractors license building limitations from 500K to 1M in North Carolina. One of the requirements is to get an audited financial statement with an unq...