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Home value is 325k - 350kPurchased at 160k and refinanced last year at 2.75% and still paying off closing costs for another year
Current Loan balance $108000
Current mortgage $869Rehab needed $15000
Rental income e...
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Besides saving and paying extra money every month and biweekly payments,is there any other way to payoff mortgage faster?My goal is to own atleast 50 rental properties(all paid off) by 2035(i know pretty ambitious but...
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Hi all!I will be going to buy my first subject to (sub2) deal tomorrow ... I have a few contract questions I am trying to figure out.1. When you write the offer are you writing it with a FSBO sales contract? And if so...
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Hello BiggerPockets Community. If you purchase a rental property through seller financing, is it possible to refinance the property into a conventional loan? If this is a possibility, what steps would need to be taken...
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Hello everyone,I reside in Southern California and started my investment journey in March of last year by purchasing a sub-to single-family home in AL. I have had it rented out for longer than six months and I am look...
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Heard very mixed things about this topic. Thinking this is the way to go for easy accounting purposes. The idea I've seen and heard is that you create an individual LLC per investment property you own for a couple imp...
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I am considering offering some owner financing on a property I am looking to sell. I currently have a first mortgage on the property so any note I create would be in 2nd position. I have two questions regarding this:1...
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Here is my situation.
October 2020, Tenant A moved in.
Approx. April 2021, Tenant A sublets her apartment ILLEGALLY to Tenant B (no landlord approval, lease clearly states it's illegal to sublet).
No rent is given ...
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As a first time landlord, what would you say was the most important things that you did when you first started out? Additionally, what would you say is the most important things I could do to position myself with my ...
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Has anyone attempted to use one instance of Quickbooks for multiple entities, such as LLCs? I'm struggling to figure out how to best set this up, and do not want to purchase (or have to manage) two separate accounts.