Steven Torok
Tax implications of reinvesting 100% of profits
17 January 2020 | 9 replies
For example, I am not counting your full mortgage payment to include principle or the accompanying amortization on the loan balance, which essentially wipe each other out in terms of net worth, but may cause you to cash flow negative.
Anthony Liguori
How to evict tenant
10 January 2020 | 3 replies
If that doesn’t gain traction, I’d hire an eviction lawyer to start filing the paperwork immediately.
Ronald P.
Is it dangerous not seeing the house when wholesaling?
12 January 2020 | 16 replies
However you're essentially selling a home and I don't know how you can do that if you don't even know what it is.
Christoph Berendes
Owner (K-1 partnership) -occ. refi, depreciation and debt/income
13 January 2020 | 3 replies
The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans...tax returns, etc....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.
Marcony Simoes
Taxes question for joint partnership
11 January 2020 | 2 replies
So essentially, both of you got the deduction.
Clayton Casey
Real estate agent for first time live in flip.
11 January 2020 | 4 replies
It does help if they have experience with the foreclosure paperwork, and some agents are not able to offer on HUD properties.
Dan Mothersbaugh
4 PLEX - Help me analyze this deal
10 January 2020 | 2 replies
With your current estimates, you're essentially assuming infinite lifespans for the property's various components (roof, foundation, HVAC, electrical, plumbing, water heater, etc.).
Kody Crouch
Entity advice for Californian investing out of state
13 January 2020 | 9 replies
Very expensive and lots of paperwork for LLC's in CA.
Justin A.
cash out refi when BRRRR-ing
12 January 2020 | 6 replies
The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.
Alexander J Baynham
First Post - 1 Year and 3 Months After First House Hack
10 January 2020 | 2 replies
We had to do most of our renovations on the single family house out of pocket, so our cash was essentially gone but we had enough to put 3.5% down on an fha loan for a house hack.