Bob Stevens
Cleveland / Akron
www.5pointspm.com best in Cleveland, they actually do what they are supposed to.
Ellie Narie
Do rental properties count in your DTI ratio?
I'm a little confused on how to calculate the DTI ratio. If a rental property is in your name, and let's assume that 75% of the rents offsets the PITI but you have no cashflow. Let's say you want to go out and get ano...
Devin James
3 Tips for Starting out
1) Don't fall into analysis paralysis, theres a ton of ways to invest in Real Estate, pick one and go.2) Take action. You will fail, you are supposed to fail, that's how you learn.3) Systems! Create systems that make ...
Todd Staten
Strange tenant situation
We have a tenant that, first of all, has not paid rent for March. Supposedly is waiting to have a new card issued. Tenant tried to shoot himself yesterday, then yelled "Call 911 she tried to kill me". The tenant ne...
Andrew Hoban
Using Tax Assessments as Appraisal Comps
While obviously, tax assessments and home appraisals are two different things, they aren’t supposed to be wildly divergent, right? Suppose I’m doing a BRRRR deal and my after renovation appraisal comes back significan...
Financial advisors are supposed to look after your money, but sometimes, their profits come first. We’ve had many questions about which type of financial advisors to use, which aren’t worth the fee, and whether you ev...
Ellie Narie
Tax assessed value or appraisal value to calculate depreciation?
I just bought a house-hack 4plex in 2020. I don't have any other rentals. Filing taxes now, so just had a few questions.
1. When calculating depreciation, I heard you're supposed to use the assessed value based on t...
Charles Mangum
Should I try to minimize losses if I phase out for most of them anyway?
I have a loss on a single rental property of about $3,500. Because my MAGI is $150k the loss is phased and I am not able to reduce my income by the loss. If that's the case should I not include all of the expenses t...
Nick Ziegelmann
Real Estate, where to begin?
Looking to get into Real Estate but not sure where to start? Wanting to rent houses out to college students at some point.
Theodore B.
1st of the month Everyone
Hello fellow property owners!!! Wishing you all a Happy 1st of the month, should be our FAVORITE DAY OF EACH AND EVERY MONTH!!! Wishing you all timely rents and no evictions!!!!