Jason Graves
Helping 15 year daughter buy first house. Wife’s not a fan
1 August 2020 | 61 replies
Will pull out $130k and ha e $20 left in deal.She’s got $3k of her own $ in the deal and will pay for fix it stiff.
Gayle E.
Chris Avery
Management Company Fraud
29 May 2020 | 6 replies
What do they say when you can/e-mail asking about funds?
Daniel Gerardi
Roth IRA conversion or rollover to a solo 401k. Is there a way ?
5 June 2020 | 19 replies
Being able to partner my 401k with my IRA sounds like a useful tool " The juices are flowing !".
Cody Godfrey
Raising cash needed to close a deal
1 June 2020 | 10 replies
Tenants pay all utilities (W/S/T/E/G) I'm also being conservative as saying I'll put $100 aside a month for maintenance reserves even though I really dont see myself using that because again, this is as turn key as it gets!
Emily Schultz
Robert Smith
In need of help understanding incumbrance of a property
3 June 2020 | 3 replies
Noorda and Irene E.
Ayan E Das
Cashout Refinance on Primary residence to buy Rental Property
2 June 2020 | 1 reply
I am planning to do a cash-out refinance of ~300k on my primary residence, and use the entire money to purchase a rental/investment property.Can I deduct the mortgage interest of the cash-out refinance loan on the Schedule E form, and use the mortgage interest against the rental income?
Brad E.
Zoe Mercier
What if a 5th mortgage is your primary residence?
5 June 2020 | 3 replies
In many cases the most recent year of schedule E income will be used, and if the property is not listed on Schedule E yet (if it was recently acquired), then 75% of the lease amount will be used.