Jerniel Diaz
1st buy and hold in Orlando, FL
Investment Info:
Single-family residence buy & hold investment in Orlando.
Purchase price: $218,000
Cash invested: $51,000
Down payment $43,600
Closing Cost $4,300
Rehab $2,000
Holding cost $ 1,...
Eric C.
asset based lending question
Has anyone here used any asset based lending where you pay 25-30% down and they don't look at income or DTI? Rates are a little higher than conventional (6.6%) but they don't report to the credit bureaus. I am consi...
Edward Romero
What’s the typical expense ratio for MHP were all units are TOH
I am analyzing some deals that have 50% or higher TOH (Tenant owned homes) on MHP (Mobile home park). I am running into some unknowns. Does anyone know what is the usual expense ratio of MHP deals that have this type ...
Boris Seroshtan
How much I deduct on renovation property ?
Hey guys, I hope everyone is doing great, Just wondering how much can I deduct per year on rental property renovation?
Jonathan Bonck
Turn Primary residence into Rental and use Heloc to purchase second home
I have a strategy that I wanted to get your input on. I currently have a primary residence that is market valued at $360K. I owe about $260K. 6 years from now I believe it will grow really well in equity becuase I am...
Nature B.
The Best Way to Approach an Absentee Owner
I want to approach my landlord about purchasing his home prior to my lease ending. I would like to make it my primary home for a while, fix some things up while I’m in the house and then rent it later.(I want to do it...
Darrel Maxam
Basement duplex build out
I am purchasing a home that is a 3/2. In the 80s it was a duplex. The basement was a livable space based on the tax records. When the deal finalizes I would have put no money down due to VA home loan. After closing in...
Jonathan Paz
Disposing 1031 Exchange Property Question
Hello, I am trying to get an idea for the tax consequences I would face by selling a property that I acquired via 1031 exchange. Here is the background:*I purchased Property A on Feb 2016 for $109K with cash, rented ...
Kelly Chun
bed/bath not matching tax records...red flag?
Hi All,Doing due diligence on a SFH in Pinson. Was told house is 4/2 but tax records say 3/1. Am I not looking at the tax records correctly? Or is this a red flag? Any insight on this is appreciated.
Simon Stahl
Protest property tax assessment
I just got the 2019 assessment for a tri-plex that I bought in SA last year. Last years assessment was 93k and they want to jack it up to 116k for this year. The purchase price that I payed last May was 104k, but when...