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...
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...
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...
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...
Mike Mitchell
Michigan Land Contract
I need to speak with a person who is knowledgable about notices of default on land contracts in Michigan. I have some specific questions and if you can help me out, I'll find a way for it to benefit you.
Joshua Buchanan
Sandwhich lease option help!
I currently have a deal under contract and would like to know if it would be a good sandwhich lease option deal.Property has ARV of 75k-80kRepairs need 12k-15k but property is livable. There is an 8500 lien on propert...
Ricardo A Perez
refinance question Hollywood FL
Hello BP family,
i currently live in my primary residence which i purchased in 2014 the home is a registered as a 3 bed 2 bath with many updates new roof in 2016, new A/C unit in 2018, new windows in 2019, repainted...
Nathan McBride
Opportunity Zone Question
I saw a property come up for sale in an opportunity zone that I would consider living in.
It has an apartment that is rented out in the back and an attic that is plumbed for an apartment addition, so there is an in...
Mark S.
Less Than 1 Week: Buy or Pass on SFR Foreclosure?
SFR for sale about 1 1/2 hours from me. About $30K. 1,100 square feet, 1BR/1BA (a loft used as second BR). Less than 8 years old. Hardwood floors.
List price started at almost double where it is now and h...