Hi!My name is Nichola and me and my husband are closing on our first 4-Plex in Michigan today that currently has 3 tenants that we are inheriting and we will be moving into the open unit later this month. All the tena...
I currently have an investment property I'm considering selling. I purchased for 250k several years ago and have received unsolicited offers of up to 400k. I am considering selling to lock in my gain and using a 1031 ...
So there are some quick ways I figure out a ballpark value for a MHP.
First- I have some constants- expenses
If the park owner pays W/S/T I use 45%
If the tenants pay W/S/T I use 35%
next is rental homes- I ONLY use...
So we have a 2 piece toilet - it is one of those water saver ones and we hate it! Can we buy a same brand toilet with the same specs and just switch out the top piece?
I have two entities:
1. Single Member LLC for buy&hold long-term.
2. S-Corp 100% Shareholder for buy&sell short-term.
I am thinking of transferring one of my inital 2004 S-Corp properties that I ended having ...
I'm trying to find out information for my mother regarding a Whole Life Insurance policy she has.She started this policy roughly 10 years ago (I had no idea this whole time) and is in her early 70's. As her English i...
I'd say that over 60% of the time, the "automated underwriting system" (AUS) only calls for one year of tax returns for self employed persons. Not the two years you read about on google search results from 2+ years ag...
Hi everyone! I am looking to purchase a second home and while I will stay there for at least a few weeks a year, I want the option to rent the property on Airbnb. That being said, I am struggling to find a lender that...
I had a tenant sign a year lease, and I recently reached out to ask if they intended to stay another year, to which they responded by asking if it would be possible to shorter the lease length to 6 months. Previously...
Hello BP community,
I’m helping orchestrate converting my parents rental property into a duplex and would like some insight since this is the first time attempting this.
Background: The house is in a smaller town...