Joe Maron
Self-employed underwriting: 25% rule "loophole"?
Hello folks! I have a question about getting a mortgage underwritten as a newly self-employed person.I recently decided to leave corporate hell and started a one-man, one-owner corporation. I pay myself a base W2 inco...
Jason Tuscano
purchasing rental property in low income area
hello, first post here. I'm in a somewhat unique position. I currently own a home and pre approved for a HELOC of 60k. I don't make a ton of money on the books or in general but I hustle when I can and should have aro...
Nam Nguyen
CPA recommendations for someone with properties all over?
Hello!Enlisted USAF guy here. I'm stationed in Northern VA, but my home state is in TX. I've got 2 rentals in Fort Walton Beach, working on 3 SFR in Houston, TX, and also paying a mortgage in Chantilly, VA.Does anyo...
Caleb Gray
House Hack Improvements on Personal Side - Tax Implications
Hello BP,I recently did a small amount of improvement (<$1000) on one side of a duplex that I am now living in. Projects included installing vinyl plank flooring in two rooms, refinishing kitchen cabinets, and inst...
Kenneth Olsen
Advice for starting my first house hack ( My first property too )
I read Craig Curlup's book already too. Are there any current house hackers that can give me some advice?
Nuo Shi
What rental documents should be included in disclosure?
HI BP,
1. What should be the rental documents included in property disclosure when buying with existing tenants? I'm thinking about estoppel certificates sent to and received back from tenants; leases; rental agreeme...
Dan Handford
Depreciation on Multifamily - Offset Ordinary or Capital Gains?
I am curious about what the concensus is when discussing depreciation on a larger 100+ unit multifamily complex with LP investors? If you have a property that is producing $500K in positive cash flow (income after deb...
Dakota Rice
Off market house under contract - what are my next steps
My wife and I have two duplexes that we have purchased through an agent. I recently grew a relationship with a local homeowner and was able to get his house under contract. He did not want to work with an agent and du...
Jessica Piff
Financing for Properties under 100K
So I'm working on creative financing ideas to start acquiring properties without the ability to get conventional financing. The thing is all of the properties I want are under 100K. They aren't BRR's either. Pretty tu...
Account Closed
Looking for lenders on apartment complex
Hi there! I am looking for a large loan where I can purchase a very big apartment complex. I want the loan terms and payments to be based on the monthly cash flow the property is bringing in rather than any personal i...