Elvis Vasquez
Tax Auction HUD Lien
I am looking at a property that has a lien that was placed on it in 1982 (Minimum Housing Standards/HUD). The interest rate for this lien is 18% and there may of been 35 years of it not being paid (people are currentl...
Norm S.
How to buy a pre-foreclosure.
How do I take over a house when the owner is willing to sign it over to me b/c he is behind in taxes and wants to avoid a foreclosure? Hose also needs work. Can I just be added to the deed or do I have to go through a...
Sachin Amin
Tax deduction on rental property expenses (Tax season 2021)
Hello BP community - i was looking at IRS website to see if I can deduct closing costs for all the properties i purchased in 2020
Ref: https://www.irs.gov/faqs/sale-...
FROM IRS Website-----------------------------...
Tone Church
To escrow or not to escrow?
I'm in the middle of two refinances. Optional escrow. I'm curious how you all view escrow for taxes / insurance. I have about $22,000 a year that would be put in escrow. I would like to instead hold that money in eith...
Jochy Perez
LLC doing business in another state
Hello,Before I go down the road, I want to run this by you guys for advice.I want to file an LLC in NH, however, it will be doing business in MA (purchases, rehabs, rentals, etc).Are there any tax complications or leg...
Dennis C.
How should I improve my current rental property business structure?
I live in Phoenix, AZ and was able to score a great deal on a foreclosure home for my primary residence back in 2009 as a result of the housing market bubble burst a few years earlier. What the market bust also meant...
Rich C.
Financing a portfolio of properties
I am wondering if anyone has used the following strategy to finance property renovations or pay down principal.
Hypothetical situation: Portfolio of 5 properties that are currently rented but need renovations if goal...
Joel Depas
My first time house hacking, I need help
I am about to take a new job in a new city and as part of my compensation they are providing me with housing of a 2 bedroom apt. They also told me that I could rent out the other room if I wanted to. This is my first ...
Edmund Isas
Lenders PLEASE HELP!! Options for holding a flip!
Ok ill start by giving a little background about myself. Over the last 2 years I have acquired 3 multifamily units totaling 7 rental units. On the first unit my business partner and I paid mostly with our own cash. Th...
William R Johnson
Utilities included in the the first 50%, using the 50% rule
I have a question regarding the 50% rule. I am looking at buying a three flat and I want advice about how to run the numbers on this building.
I understand that the 50% rule is a very good conservative way to evalua...