Just had an interesting conversation with my CPA, he says he has never had as many audits ordered this month, and he has been doing taxes for over 20 years. Basically, the IRS is interested in how filers with low earn...
Can you please confirm my understanding of this strategy is accurate...so, I buy a cash flow property in the following manner:Purchase Price: $100k (including all entrance costs aside from down pmt...)Personal Cash $2...
Hello all, this is my first post on the forum, so I will try and keep it short and concise.A homeowner is willing to offer her house in Lake Placid, Florida to me, without any cash in her pocket. She has a mortgage fo...
Hello - I am in the process of buying a few buy and hold investments. The terms on the mortgages favor conventional residential loans vs commercial, notwithstanding the bank underwriting grilling one gets from the ty...
Obviously the shorter the mortgage, the higher the monthly payment and therefore the more difficult it is to cashflow. I know a lot people prefer to opt for the 15 year fixed mortgage rather than the 30 year fixed bec...
I'm considering using equity in my house to purchase a rental property. I can get a home equity line of credit, 2nd mortgage or do cash-out refinancing. What would be the best option?
Hey guys, hoping to get some opinions on what option is best for me in my first duplex purchase. It'll be a house hack that I plan to live in just long enough to still be able to have the 5% down. I already have the p...
I have two C-class properties, no mortgage. I paid about $120,000 for both of them.
I also have a B-class property. Cheap mortgage, with balloon payment of $140k due in 2 years.
The B gives easy, stable, and r...
Hi folks,I am a new member and seeking for some advice on investing rental properties in RVA or central VA in general. I have found wealth of information from BP on investing on real estate. Now willing to connect an...
I am in the final stages of a HELOC closing. All is approved just need to get the papers signed and sent back. I am also in the middle of my first investment properly closing (waiting on appraisal completion and closi...