I bought my first rental property almost a year ago. It’s a condominium and I’ve had a tenant living there since day one of my settlement. Now that this goal was met, I’ve been at a loss for how to save up for the nex...
Hello my question is will a Civil Service retirement loan be counted in my income to debt retio...it will not be on my credit report and when I retire I will no longer be required to make the monthly payments because ...
Hi fellow BiggerPocketers! I was wondering if anyone could give me a good recommendation for an accountant in Arizona (ideally near Scottsdale) who understands real estate investing and small business tax strategies. ...
My tenant is moving on short notice with 5 months to go on her lease. when am I required to return her deposit?
Hi everyone, quick question, once the rent is paid, what do I do with the money from "variable landlord paid expenses" (calculated by BP rental property calc) like Cap Ex, repairs, vacancy etc..? Do I open a new acc...
hello.
I had a property under my name transferred to a LLC. The real estate taxes bill have changed to reflect the LLC. Now I need to start making mortgage payments, and was going to write a check from the LLC. Will ...
Hello,We're looking into purchasing a 2nd investment property, this time using our (wife & I) Roth IRA founds. The properties I'm looking at cost more the we have (combined) in our Roth IRA accounts so wanted to k...
Hi,We were just curious if anyone has a good recommendation for a local bank or Credit Union for a business account and for possible investment loans? We would like to establish a relationship with one locally here i...
I am closing on my first rental property. A few issues have come up from the lender. Here is the break down.
Rough estimate
Purchase Price $31,000
Down payment $24,500
Lender 30 year fixed 5%
I started an LLC and h...
if the rental property is no debt, and get a cash out refinance, the interest I paid on the cash out refinance, is it tax deductible on this property ? CPA said the cash out is tax deductible if the cash I get is use...