I planning to do my first BRRR strategy around next spring, but I wanted to make a few things clear first. I understand the basics up until after the refinance. Once we’re able to cash out after the new appraised amou...
Please contact me if you know of a good resource to get the correct LLC docs (operating and subscription agreements) when I am using SDIRA funds for equity in a deal. I am based in LA, so I prefer to work with someon...
In the *rare* event a mortgage is called due on sale by the lender, typically the options are to 1. refinance, or 2 cut a check for the remaining balance of the loan, correct? #2 isn't really an optionIn the eventuali...
We just bought a dishwasher for a rental property and we know that we cannot expense it this year. Our understanding is that this is consider a Capital Expenditure and if gets depreciated over a period of time. Ours q...
In April 2021 my wife and I were looking into purchasing a house for her while we used to be geo bachelor’s. We were under contract escrow paid but we exited the contract due to a lead pipe and levels that we were not...
My rental home was damage by fire that started by the tenant. The insurance claim paid out a portion and the recoverable depreciation portion is to be paid after the work is completed. Does recoverable deprecation bel...
I am on a contract to buy a rental 4 BDR, 2 Bath SFH property at AZ Goodyear. My escrow closes in 3 days from now. Seeing the current covid-19 scenario, jobless numbers i am thinking of walking away from my contract t...
hey all, I started a purchase back before c.v. on a multifam and got a preliminary approval for financing, but now i am looking at 30-40% lower income for the next several months at least and at this point am just not...
We close on the 28th of the month and I’m wondering what’s the point. Our mortgage is late after the 15th of the month. I realize we will incur a late charge and if it doesn’t close on time we are taking the risk of ...