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Hi everyone! I know everyone's situation was different for purchasing their first rental. I'm currently entering my final year of college, and have been trying to get pre approved from the bank but am having some trou...
I had an idea (maybe not an original, but new to me). Would it be possible for me to: 1.) Buy a house using OPM, 100%, paid for, free and clear, my name on the title2.) Rent it out for about 12 months, just enough to ...
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I know this has been discussed in the form of how much debt should I carry and other similar topics. So I am applying for a cash out refi with a local bank (commercial dept) and they had me fill out a financial statem...
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Up front caveat: forgive me if this has been discussed at length already or if I word some things wrong :). I did some searching in the forums and couldn't find anything quite along the lines of this idea.
Right no...
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In the NNN world what does typical financing look like? i.e. What are typical term lengths? What are typical interest rates? What is a required minimal lease term remaining on NNN tenant? What is minimal amount of...
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I have several scheduled viewings for a vacancy. 2 potential tenants, a couple that will be living together has submitted application without yet seeing the available unit. One of the potential tenants meets all quali...
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Hello everybody, so I bought a duplex 7 months ago, racked up about 15k on three different credit cards. I don't want to explain haha.
QUESTION: Is there a way to deal with this debt more strategically??
I've hear...
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Seems to me, reading the instructions for form 990-T, that UBIT only applies to assets held less than a year. In the instructions for Line 4a—Capital Gain Net Income, the IRS says:
Generally, organizations require...
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Hi BP! I'm new to the real estate world and am thinking that in addition to some of my savings, I'd like to use some equity from my primary residence to purchase an investment property. I'm not a math whiz and it se...
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I've had my house for two years. Bought it for $179k owe $171k and it appraised 3 weeks ago for $193,500, but if we add a closet to make a 4th bedroom the REA said it could have potential to sell just above $200k.Shou...