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Hello all ! Just got pre approval for an investment property , and am curious what the pros /cons would be id I added my wife to this as well? Also - I currently have an FHA on my primary which she is NOT on. Can she ...
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Hello,I am 27 with two doors one in which I am househacking and the other is a condo. The condo tenant has missed their first rent payment. I am seeking advice on next steps and any tips. read below for further backgr...
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Hello BP community! I'm a newbie investor but I'm so excited to get started. I've got about 50k in capital. I want to start an LLC and start buying rental properties. My question is if I'm am LLC buying my first or ev...
We expect to soon do a 1031 exchange. It will be our first one ever and don't know much of the details involved. We would appreciate recommendations of 1031 Qualified Intermediaries that have worked for you. We have h...
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Anyone who could answer this question, please feel free to chime in. I am in the middle of evicting a tenant for non-payment and also trashing my property. I was told that it is never a good idea to appear in an evict...
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Hello, all! I was hoping for some guidance. Are PMs required to indicate their repair fees, or do most PMs just inflate repair prices? We had plumbing work done. The estimate provided by the PM was 1k more than the es...
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Hi BP Community,Today some tax news came out that is very relevant to the industry. I'm sure many are aware of the new Sec 199A deduction which essentially allows for a 20% exclusion of income earned for business owne...
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Lets assume you have $1500 in cash after all opex (maintence, taxes, utilities, insurance) is deducted. $100/unit income also deducted.
What are you willing to pay? Do you just plug it in according to debt terms?
$1...
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I'm in the process of purchasing a 5bd/2ba in Denver as a primary residence. As an individual I obviously don't need all 5 beds so I'm planning to rent out 4 of them to other young professionals in Denver.Does anyone ...
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Background: I own 7 properties, total 24 doors. Current loans are a jumble of 4.25-5%, 5-10 years balloons. Total outstanding mortgage balances: $498,000I approached my lender (Local credit union) looking to refinance...