Chris Weaver
Lender that will loan based on rental income
Has anyone recently used a lender that lends based on the rental income of a property? I'm looking for lender recommendations as well as how the rental income is used for qualification purposes and down payment requir...
Matthew F.
Education as a deductible expense
Hello BP,
This is my first year as an active real estate agent in Roanoke, VA. I am considered an independent contractor by the IRS and will receive the 1099 form instead of the W-2 form that I am accustomed ...
Matthew Ray
Holding an auction for an assignment contract
Hello all, I was recently informed that i can hold an auction for my assignment contract. Is this true? and how do i do it?
Brian Morrison
Need advice navigating a dispute with ComEd
I own a legal 4-unit building in Chicago, recently purchased. We went into this deal knowing that there was electrical work to do, and budgeted appropriately. The work involved replacing all the old meter fittings (wo...
Katie Bond
BRRRR Chart of Accounts?
I just purchased my first BRRRR and I'm realizing that I need to expand my COA beyond what I have for property management. I'm working in Quickbooks. Can anyone help? Thanks!
Sue Smith
Mobile Home Moving Question
Are the moving expenses I incurred for moving mobile homes to my property for rentals to be expensed or capitalized on my tax return? I really need to claim as expense instead of capitalization. Which is required? ...
Chris Montgomery
Separate Bank Accounts For Each Property?
Howdy,
Newbie to the forums and a relatively newbie investor.
I have two rent houses and have separate bank accounts for each one (one is shared with my sister, 50% each). I'm wondering, as I buy more single-family r...
Brian Ashby
203k loan consultant
I am doing a 203K loan for a duplex I am buying in Philly. My loan officer has told me that I need to hire a 203K loan consultant for the renovations. However, I have spoken with other brokers who told me that it is n...
Jacob Beg
Weird Plumber- Is this a ripoff?
Hi All-
I am rehabbing an old property needing some plumbing work. Initially, plumbing work was carried out without a permit because it was thought that none was needed, however, a stop work order came in play ...
Mike McGee
STR in SW FL - Hurricane / Insurance Concerns
I want to buy an STR in southwest Florida. My wife is very concerned about the insurance costs and the hurricanes which drive them up. I'm trying to find a way to search only for properties that have maximal hurricane...