Hello everyone I am a new investor in need of advice. A couple of months ago I bought my first house with the FHA loan. There were some repairs required by the FHA for closing but the previous owner refused the do the...
Just a simple math:
Let's say I buy a home for a million dollars, with 20% down and 30-year term
interest rate = 5% + property tax = 1% + maintenance = 1% ----------------------------------------...
Hey guys, we started the process of getting a HML back on Oct 29th. They said our property was good and they accepted it. We moved forward with all the docs needed. To even do the app there was a $200 fee (that I’d ge...
We bought our current (2bed/1bath) home that sits on top of a large unfinished basement in Atlanta (Cascade area) in 2021. The intentions were to buy a 2nd property within 2-3 years and then use this home as long, med...
Hello,
I have a multifamily house in NJ and one of the units is a 3 bedroom apt that has been occupied by the same tenant for about 7 years. The apt is rented for about 1400 and the tenant takes care of putting out ...
How can we apply real estate losses from prior years to offset current year non-real estate income? I assume we need "real estate professional" status, but 90% of CPAs I have talked to (all with real estate clients) s...
Hi all,
Recently purchased an investment property and have to remove this toilet and clean the area. Any ideas on how to go about doing this? Pour bleach on it? The property was part of an estate and no one has used ...
Completely new to all this…how much (generally) is fairly extensive foundation repair?
My Section 8 tenant's daily water usage ranges from 50 - 600 gallons per day. It is a family of 3 adults and 2 children. 1 full bath and 1 half bath. Is this normal?
I'm not sure if this is the correct category to post to - please let me know if I need to post elsewhere.I found a house that I very much wish to purchase. However, the seller is an elderly woman with significant hea...