Roman Stefaniw
Help with Organizing Spreadsheets
Hi everyone! I just closed on my first duplex and I'm going through the process of organizing my money through spreadsheets. I have no previous experience with organizing money for an accountant like this and I'm gett...
Ellie Narie
Do rental properties count in your DTI ratio?
I'm a little confused on how to calculate the DTI ratio. If a rental property is in your name, and let's assume that 75% of the rents offsets the PITI but you have no cashflow. Let's say you want to go out and get ano...
Margaret Feit
Properties Titled Personally but Reported on Partnership 1065
My husband and I have an LLC with a 50% split in ownership, taxed as a partnership. We own several rental properties, which we run through this LLC. We have separate business bank accounts and credit cards and run all...
Rick Lin
NPN strategies and execution
Hey everyone,
I’m really happy I found the BP community and have now listened to most of the podcasts and attended my first REIA meeting this week. I’m hoping to ride that wave and really get going on investing.
...
Joshua D.
Free and clear sale
There is a free and clear sale coming up around my area and I had a few questions about it. First if the house has a unsatisfied mortgage with property could it be passed to you? Or any other leins? I had a attorney w...
Mark Costa
Are these conflicting priorities?
Are the following goals in conflict with each other:Goal A: Prioritize paying off your primary residence. Goal B: Save as much cash as possible so you are ready to BUY when recession hits.At first these goals seemed m...
Oleg Malkin
Interest Tracing and 1031
Cashed out on a primary to buy an investment when the rates were good. If I sell the investment and 1031 into something else, I can just continue expensing that mortgage interest on the next investment? Are there any...
Ayne C.
Paying off mortgage, them getting a HELOC
I'm considering paying off our primary residence mortgage in full and then getting a first position HELOC to use for short term money (for new BRRRRs). I'm my head it seems like a killer strategy. What am I missing...
Kristin Reh
Getting a title/deed corrected
In 2005 we did a refinance with our 1st mortgage company to lower our interest rate at their suggestion. It was one of those no doc refi's where they sent a notary to our home after 7 weeks of preparing the paperwork...
Tony P.
First Investment Property
Hello Everyone,I am looking at buying my first investment property. I have read the guides on this site and they have been very helpful. I have a few questions hopefully you guys can give me some insight.I am looking ...