Chris Pincus
Help Landlord Taking Advantage!
Recieved letter today from landlord saying I owe a 250 late charge, and 18% interest after today for not paying my rent to them, saying its in breach of the lease.I spoke with them 8-12-2014 about infestation of mold ...
Jeff Howard
First rental property last year, how can I write off more than 5K
I bought my first rental property last year and I am trying to write off as much of the expenditures as I can. We had a lot of expenses going in, closing costs, repairs, and improvements. Our total expenses outside ...
Karl Hudson
Tri-Plex Renovation Loan Interest Rates
Hello BP Community,
I have a question regarding my triplex in Ocala, FL. The property needs a new roof, a new parking lot, and a few other minor improvements to enhance its performance. While I have sufficient liquid...
Millie Gargurevich
Question on tax deductible expenses
l am trying to learn more about tax information and determine exactly which expenses are deductible and which aren’t. Specifically, fences, gutters, landscaping, to make the property more competitive for rent.
Also, ...
Kelly A.
Boise triplex--yay or nay?
Property: Triplex in Boise, the Bench neighborhood. Neighborhood is up and coming, mostly modest SFH but some are being torn down to make room for duplexes. Centrally located.Two 2BR/1BA, one 1BR/1BA converted garage....
Peter Bui
Fullerton Investors, quick opinion please?
4 bdr house with 2 bath, remodeled kitchen, no major damages or repairs
in Fullerton
Sqft: 1377, 6018 lot
Purchase price: 460,000
Closing cost: 13800
Down payment: 92,000 20% down
Monthly mortgage: 1864.60
Re...
Steve Anes
Dealing with insurance companies after a fire!!
One of my properties just had a fire last night. It was one that I intended to flip. My question/concern is this. Does anyone have any suggestions how to deal with the insurance company. I have never had a claim so th...
Lane Smith
Cash or finance benefit of buy and hold
First time poster so I apologize if this has been answered in another post.I have the chance to buy a sfh for cash and would never sell the property. I do have the option to purchase with financing 20% down, 4.125% bu...
Howard Handler
BRRRR Financing Question
I have a question on financing a BRRRR.Typically, does one try to include the rehab costs into the original loan or cover the rehab costs in cash? And if part of the loan, what type of loan is that called and which i...
Wayne Griffin
70% rule Vs the fix and Flip calculator
lets say the ARV of a property is $320,000 when I apply the %70 rule I get $320,000 x %70 = $224,000 - profit of $50,000= $174,000 - repair $63, 860 = $110,000 purchase. However When I use the Fix and Flip calculator ...