Looking for property with positive cash flow potential in Fredrick. Planning to visit my brother in Middletown Maryland and am thinking about looking there. Anyone know that area? Advice on areas will be welcome.
J...
Anyone know who finances homes with a sales price under 40k?
I have one rental, about to buy another home for the family and convert my current home to rental. I've read the IRS stuff about repair versus improvement but I want to make sure I do this right.The soon to be renta...
Hello BP
I have 8 homes that I currently own and all have been rented with no issues. I am thinking about selling one to make money to pay off debt which is currently the house I live in. it should bring me I hope 12...
Anyone have any advice on what percentage to put aside for cap ex and maintenance for a property that has recently been flipped. It is a duplex and i am trying to run numbers to see if it will work. I want to be rea...
Hello, this is my first post on bp. Here's the story.
I have a single family home that was first a rental for 2 years, then I moved into the house a year ago. I plan on living in the house for another year then selli...
Hello BP members,All the searches show how to report refinancing costs for a rental, but not the initial financing to buy a rental. Are they reported the same way?When I refinance a rental, all (or most?) of the closi...
Hey! Just curious what everyone is doing/has done in the past with rent. Did you file the income on your tax returns? I’ve been house hacking for 1.5 years and have never reported it. After talking with a bank..I now...
2019 has been a difficult year with multiple vacancies, extensive make ready costs, and lots of deferred maintenance being addressed. It looks like I will show a large loss this year, and I still have about $30k total...
My wife and I are living in a townhouse. I was thinking we would rent my company's 1st rental property. Would this be a good idea?