John Williams
When can a lender begin foreclosure?
Please forgive me for asking what is surely a stupid question....Obviously, a mortgage lender can file foreclosure if a borrower missed payments. But can they begin foreclosure proceedings just because the borrower is...
Josh B.
Liens, lawsuits, and other unwelcome items when buying a property?
If I buy an investment property what else should I look for other than the deal for the long run ? Can I get hit with back taxes, liens, or potential lawsuits of sorts or do they have to disclose that information? Wh...
Jason Clark
Am I running these numbers correctly?
I’m looking at an 8unit apartment building, 2bd/2ba each. Asking price is 359,000. Conservatively I’m assuming $550 per month rent. 1 unit is vacant. I expect about $80,000 in renovation costs. $439,000Rent $4,400Mort...
John Jones
Could be late filing rent taxes - but owe 0 - Am I in trouble?
I had to rent out my place to help my mom after my dad became ill then passed away. The point is that sort of thing caused me to get swamped, and I never intended to rent. So filing is new. I want to get it done ...
Reid Beckers
BRRRR: No number seems to work. Need advise.
I’ll try to keep this post simple, if not short.
My wife and I have been educating ourselves, listening to RE podcasts, reading books and BiggerPockets. We have some savings and a Pre-approval letter ready and we al...
Daniel Baker
Questions to ask.
Hi everyone! Looking to hire a professional to help with my taxes this year, i've always done them myself but fear I'm leaving money on the table. I have a w-2 income and own three properties, all long term rentals, t...
John M.
tax bill impact on investment properties
seems under new tax bill..you cannot deduct investment property's mortgage interest from your tax bill. Only primary residence mortgage interest can be deducted. And no interest deduction for equity loan.https://www.f...
Brian Karlow
duplex deal - need opinions on these numbers
Good morning! I'm looking to bounce the numbers off the members on a deal I am close to having under contract in the northwest suburbs of Chicago. "A" location with a "C" property ( in it's current condition). These a...
Vivek V.
Newb soliciting advice on plan - Austin, TX
--> NEWB MISTAKE - I Meant to say "looking for" rather than soliciting, but it looks like post titles cant be edited :-( <--I’m an absolutely n00b to the world of REI, I happen to have found my way to biggerpock...
Ryan Mackereth
Mortgage increased April 2021? Tax increase? Anyone else?
Hi there everyone!
Do mortgages with escrow built in just increase randomly? Is it due to increased taxes?
My wife and I had our mortgage increase by quite a bit this month, due to unanticipated escrow increases. I ...