I've reached the DTI limit with typical Lenders at this point. I have 5 Investment Properties (1 duplex 4 single family) and I am getting great returns. My credit score (FICO=830, others around 775). I am at the point...
Greetings everyone, So had a work order submitted to me about water being on the kitchen floor and the freezer not working properly and having defrosted. Mr appliance was sent out to the property and he determined tha...
I just bought my first property and will be taking out a loan for $115,200. I am torn between a 15 year mortgage at a lower rate and a 30 year mortgage. A 15 year mortgage costs $60,000 less in interest but reduces my...
Question for fellow Rochester Ny investors. In process of selling one of my duplexes. The inspection revealed a pinhole leak, deterioration in water main. Buyer is requesting it be replaced. This requires a deal of di...
Pc of land with five mobile home. 39000.00All rented. Mobiles belong to renters. 150 a mth x 5 750.00 a month....I want to purchase this and raise rent to 185.00 a month x 5 = 925.00By doing that i will have a mainte...
Hello everyone, I just closed on a 23 unit property,bringing my total number of units to 85. I find myself on the fence weather or not I'm big enough to hire my own full time handyman. I dont do much of the maintenan...
We just purchased a very small (825 sq ft) SFR (Fix-N-Rent) in a C neighborhood with 5 layers of shingles on the roof and it has obviously been this way for at least a few years. I know you should only have up to 2 l...
I'm curious what differences there are in accumulated depreciation deductions in vacation rentals from long-term. Can you depreciate the value of the appliances and furnishings typically? Do you find overall that the...
Hi I am looking at purchasing my first 5+ multi family unit and wanted to get a few opinions on the deal. 2 small buildings that have a total of 9 units on 1 acre of land. Could use some exterior work to make it more ...
Hey BP Family,
I just finalized on my cash out refi on my primary residence. I was able to take out a total of $65k but only allowed to pocket $30k of the capital due to debts having to be paid. With the exception...