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22 February 2025 | 17 replies
Quote from @Doug Smith: When we started this company, I had been a special assets officer (handling non-performing loans for banks trying to extricate them from the deals with as little damage to them as possible) during the last big crash.
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21 February 2025 | 30 replies
After ignoring advice, their next post is often, “How do I evict my non paying tenant?”
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18 February 2025 | 4 replies
This allows you to access funds while keeping your existing mortgages intact.Second Mortgage: Explore lenders who offer second-position loans on investment properties, though rates will be higher.Cash-Out HELOC : While traditional banks often restrict HELOCs on non-owner-occupied properties, some portfolio or private lenders may offer HELOCs for investors.With $15-20K in liquid funds, look for deals where you can negotiate terms:Seller Financing: Negotiate lower down payments or interest-only periods.Subject-To Financing: Assume the seller’s existing mortgage while covering the down payment.Lease-to-Own: Lock in the purchase price while using rental income to build equity.
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14 February 2025 | 1 reply
I was able to secure $27k from my parents as a direct non interest family loan and $8k from our savings.
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9 January 2025 | 9 replies
Under IRS Publication 523 for 2023 dated February 2024, I qualify as "Service, Intelligence and Peace Corp Personnel" and for "qualified extended duty" (page 4& 5 - https://www.irs.gov/pub/irs-pdf/p523.pdf).
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16 January 2025 | 1 reply
Coos Bay - The main delay with application in this area is whether the property is on public utilities or has a septic system and private or public water source.
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9 February 2025 | 12 replies
I have my 2023 taxes Non W2 and hope to have my 2024 Taxes Non W2 back end of this coming week.
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5 February 2025 | 22 replies
Do a search for "non-member ZipForms California" in Google.
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14 January 2025 | 1 reply
I would like to get the names of non-profits in MD that run sober-living homes.
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5 February 2025 | 5 replies
And yes, the income from renting is still taxable, but ideally you are offsetting a chunk of that with depreciation which is a non-cash expense.You should read Amanda Han and Matt MacFarland's books as well which are available in the BP Bookstore. https://store.biggerpockets.com/products/tax-strategies-book...