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New owner/investor here closing on my first property in Coatesville, PA. I have a couple friends who own rental properties but was looking to see if anyone else in the area has good or bad experiences with any propert...
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I have 2 scenarios that I would like to ask on the tax. At this point, I don't know whether I should do it.
1. I want to transfer a property I just purchased to my LLC A on title using the Warranty Deed. I purchased ...
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sorry for the long post but i was wondering if anyone knows how Fannie treats rental income for DTI. i found the following conflict:with regard to how Fannie addresses rental income as shown on a schedule E when calcu...
I purchased a four unit building early this year. Part of the down payment was borrowed using a 2nd mortgage against another building, so my real equity is lower than the building value less the 1st mortgage. Financ...
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Hi. I recently acquired a townhome in Asheville, NC that I'm operating as a furnished mid-term rental. I have been contacted by multiple corporate housing companies that would like to secure long-term leases and then ...
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So I'm saving every penny reading educating daily to get to where I need to get to buy my first house hack. Only thing is I have near 100K in federal college loans at 6% intetest rate.About 18 months ago I joined inco...
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I really enjoy good quotes to inspire me. Its like a shot of motivation in 10 seconds of reading. Ill share one of my favorites. What are yours? The following is a quote I reflect on often when using other peoples mon...
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Hello RE community, I had a question regarding the sale of my property. I lived in my primary residence but then welcomed a child last year so we rented it. It has been a year since the apartment was rented. I am plan...
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Hi y'all. Seeking best practices/suggestions on compensating handyman. This pro is on call for routine repair/maintenance work like replacing light fixtures, repairing stairs etc. Goal is to provide consistent income ...
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Hi my BP Family!
I've been wondering how I can go about loaning funds to my own company as an "investor" although I'm also the owner. Essentially, as an individual I go get a personal loan. I loan the money out to m...