Kevin Grove
Cash-out refi lender insists I pay cash for new properties!?
Doing a cash-out refi on my primary residence. My plan was to use the proceeds to fund the downpayments on turnkey rentals. I stated this upfront when first talking with the lender. But now that we're almost to closin...
Robert Littke
Lease To Own Option
Alright I will do my best to keep this brief but give the details.
If I have a $250,000 Single Family Home and I owe $228,000 and I want to move it fairly quickly. Payments are $1,470/mo. Market rent is probably $1,3...
Tanner Loyd
1st time buyer tax credit (wrap)
I have 24 hours to present my offer to a seller. I want to purchase the property using a lease option. It is my understand that a contract purchase DOES qualify for the tax credit. The deal in some ways hinges on the ...
Hunter Peterson
Listing DBA as Landlord Name on Lease Agreement
I created a DBA (doing business as) for my rental property business that is tied to my personal name. Legally, am I ok to list the DBA name and only the DBA name on the line where it says "Landlord" on my lease agreem...
Tom Boutureira
Calculating ROI - P&I and depreciation expense
Hi All. I'm looking at rental income properties and experimenting with the Four Square method to calculate ROI. The purchase will require financing.
The Bigger Pockets method includes both principal and interest for...
Madonna Machado
Learning one day at a time
I hate reading . I love doing. So I have had to step back. Sit down and read my head off. But I now can see that I can increase my ability to choose the correct step when the time comes to take one.
As for wh...
Ping G.
LLC vs. Refin under personal account
Hello Real Estate gurus,
This is my first post here and I would like to say thanks in advance for any insight and advice.
I am in Washington state. Here's my situation:
I just got a rental propert...
Erez Friedlander
Partnership and taxes
Hi BP,
I am planning to partner up with a friend and purchasing properties under a co-managed LLC but have no knowledge if there are any tax issues or is it just the same as for the LLC my wife and I share and have 1...
Mason Carter
Best place to learn Quickbooks for my business
Moving from EXCEL to Quickbooks has been a bit more overwhelming than I anticipated. It appears that I need some help and think taking some sort of class to teach me the set up and working nature of the program is nee...
Sarah Lyon
Raleigh Financial Planner
I am in search of recommendations for a financial planner in the triangle area of NC who is versed in real estate. Currently looking to purchase a multi family with an FHA loan and hoping to convert an inherited IRA i...