Vikranth Biradar
Qualifying for Depreciation using STR
My short-term rental is out of state but I manage it remotely (mostly guest communications and troubleshooting issues) and if I include in that the time I spent getting it ready to rent, I would say I materially parti...
Ike Stephens
Get The Most Cash Out of Rehab? Mortgage/HELOC/Title Seasoning
I have a little bit of liquid cash and I'm trying to determine the best way to put it to work. Here's the picture:I recently purchased a duplex in Cleveland that I bought for $82,000 last year. I currently owe about +...
Account Closed
Deal analysis on a sixplex
Asking price $350,000
Fully renovated this year.
Rent $675 per unit = Total $4050 All are 2 bed, 1 bath
Taxes $400 yr current owners numbers
Insurance $2,000yr current own...
Kim Hopkins
Requiring Seller to Cease Marketing After Signed LOI?
Hello!I was considering adding to our LOI template a requirement that the seller cease marketing the property, including on any real estate websites (broker website, CREXI, Loopnet, etc) once the LOI is signed. I've n...
Mark Koontz
Financing Options / Appraisal Issues
I am currently under contract on a fixer-upper Farmette (Maryland). Purchase price is 400k with at least 50k rehab needed. I have 100k liquid to put down. The property needs a new roof, windows, drywall, electrical, b...
Andrew Whicker
Possible deal..
Hi,
Is this a good location to post some numbers here and have some people weigh in the business deal? I am interested in a Tri-plex to own / occupy, then move out and have as an investment property.
C...
Jewel B.
Shopping Lenders and Preapprovals: HMLs and Refinancing
Happy Tuesday everyone,It is time for me to reach out to HMLs, as well as potential lenders for the refinancing portion of BRRRR, in order to find the best fit and get preapproved. I'd like to know the best method of ...
Jonathan H.
Please critique my Excel Property Analyzer
Hello everyone,
My wife and I have been looking at properties for the past couple of days and we had been writing everything down by hand.
I got sick of the disorganization and created an excel sheet to see if prope...
Thomas Bybee
What would you do if in my shoes? Writing counter offer on sell of house.
I am in process of selling a house, I have received a contract to purchase but with some circumstances I'm trying to wrap my head around to decide if I want to accept the offer. This is my "old" primary residence (mov...
Alyssa Hammond
Question about the Rental Property Tool
Hi everyone,I've been using the rental property calculator tool and I have a question about filling it out correctly. Under the "purchase closing cost" section they suggest $1,500-2,500 but my projected closing costs ...