Tim K.
USAA Career Starter Loan
Hey all, I was just wondering if anyone has ever used or has any thoughts on the USAA Career Starter Loan for a down payment on a property? $25,000 @ 2.99% paid back over 5 years = 471 per month, seems like a decent r...
Jafar Seife
Owner Dies. There is No Will. in Place. Son decides to foreclose
The owner of the property died recently. There is no will in place. The owner is behind on monthly payments. The son decides to let the bank foreclose on the property. Is there a way to purchase this property before t...
Bryan Mitchell
Apartment Syndication Preferred Return vs 8% Compounding Interest
What would you choose between a 8% preferred return from an apartment syndication or an 8% return with compound interest? For the sake of the argument, both have the same tax advantages and appreciation upon liquidat...
Rich Vogel
Borrowing money from friends,family, and other
Hi All, I know there is a lot of legality around borrowing money from people and soliciting business for borrowing. I have some family and friends that are interested in holding notes on my rental properties. What i...
Ryan Irwin
Using a Roth IRA vs Money Market to save for next REI purchase
Hello BP community! Going back and forth on the best way to put/save cash for my next REI. This might be an obvious answer but looking for some reassurance to see if I'm on the right track. When the mutual fund/sto...
Account Closed
Tax Question: 2 Partnership returns? Can you split a 1099?
Hey all,Myself and 2 other partners had a great 2015 starting our rental property business! We have 5 properties all purchased in 2015. 4 Condos- 3 purchased in all 3 of our personal names, 1 purchased in a LLC with ...
Joey Wang
Making sense of financial impact between different amortization periods
Today, I was reading up on different types of loans - specifically, a fully amortizing vs. partially amortizing loan. I encountered the following table illustration:
What I notice is that with amortizing period loan ...
JD Martin
Pre-paid rent - taxable in the year accepted or year applied?
Good afternoon all!Before I do my taxes, I have a unit in which one of the tenants (a college student, parent paying) prepaid their rent for the first 6 months of 2016 in late December. Should I claim the income based...
Peter Nierman
Buying a partner out of real estate
Hi everyone, so I co-own a home with a family member and am seeking some advice. Backround - we bought a home (with a mother-in-law) 2 years ago. My cousin has since moved out, and I rent out his room. My girlfrien...
Thuy Pham-Satrappe
11 showings no offers
I've had 11 showings this past weekend but no offers. We've gone through and read the feedback and one of the issues cited more than once was the fact that the windows were older (in an otherwise updated home). Also a...