I have income from a W2, 1099s/Schedule C, and rental income on my house hack. Something about this seems to make calculating my DTI wacky; I know lenders aren’t just adding up my gross income from all these sources a...
I've pondered this investment for 3 or so years now, in fact one of the condos was avail in 2012 and when I called to write the check/submit my purchase contract, someone had beat me by an hour or so and lost out.Clif...
A new development out of Atlanta this week. An investor has been held liable for the exceptionally poor conditions of his properties, even though they were held by an LLC that was not under his own name. He argued tha...
Hi everyone!
I just opened escrow on my first property! It's a 3 unit, single building home and I am super excited about it. It's an old 1910 California craftsman style home with 2700 sqft in a historic nei...
I got one condo under contract (buy & hold). After receiving the condo questionnaire I found this condo is a non-warrantable. I was able to find a local bank by searching for properties that closed in the same com...
Hi BP members!This is just my second post and it feels great to have received such good feedback and support.Since I don't usually carry around $100K in cash, my southern California backyard market can seem a little i...
It's law, the Supreme Court held that the Affordable Care Act (Obamacare) is valied under the taxing authority.
Yes, I know healthcare is one word....
However, states can opt out with the Medicaid portion. Now what?
Hello;I have 5 units purchased in cash and I am looking to cash out to purchase more. The units are being transferred to individual LLC's. 4 of them are valued now at $90-100K while the 5 is a little more $110-$120K. ...