For whatever reason, a lot of the big PMI outfits have dropped their PMI rates in the last couple months. Speculation abounds inside the mortgage industry about what prompted it. Your monthly PMI cost should drop from...
On recent inspection of a unit which was proper notice, I found a open container of urine,,, upon asking tenant what is THAT ?? he said, my personal property... then disclosed it was what it was...He was given Written...
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Hi all,
I was wondering if it is possible to finance a house with a conventional mortgage AND seller financing. The DTI allowed by the bank is restricting our ability to borrow for the next house, but I was thinking...
If you are applying for a new loan during the year in which you purchase in which case you have not yet filed a tax return to claim the rental property will be 75% of gross rents evidenced by lease agreement and...
Could my peers please look at my calculations and advise if im overlooking something or being overly optamistic and advise if thisis a good deal
Buying a duplex (2/1 each side) and here are the numbers
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Hi all,My name is Arneil and I’m a new(ish) investor based in Longmont, CO. My first (and so far only) investment property was my primary residence in Santa Clara, CA, which has been a rental for a little over a year....
I have done some searching, but I did not find the answer I was looking for on this topic. Lets just say I decide to set aside $300/month for 12 months and I show it as an expense on the P&L. Now it is tax time! I...
Hi All,I'm confused about whether I can deduct this mileage. Here is the situation...I commute 15 miles to work every morning and after work I often stop by one of my rentals, which are in the same town, to pick up re...
I need to create a simple, short comprehensive real estate business plan. Any recommendations for a person with experience will be greatly appreciated.