Isaac Fischer
Borrowing Against Retirment
I have been thinking about borrowing against my 401k to get started in investing. I’m under 30 and my goal is financial freedom starting with real estate investing. I know the risks associated with borrowing against m...
Ehab Shoukry
Entering Mortgage Payments in Quickbooks
Hi all -I recently hired a bookkeeper to setup Quickbooks for me for my rental business. She entered 8 months of transactions for me and told me that for mortgage payments, she created a category of "Unallocated mort...
Shawn Krieger
are these good terms for dscr
TBD, LLC
No. of Properties 1
Quote Date 10/20/2023
Property Value $ 549,000
Rental Income $ 8,125
Taxes $ 6,339
Homeowners Insurance $ 1,974
HOA (if applicable) $ 0
The above information was used to calculate ...
Matt Pfefferlen
Loan Mod foreclosing
Hi- I am interested in a possible foreclosure auction that has two loans. The first loan has a loan modification from 5 years ago and this is the loan that is foreclosing. The loan mod lowers the interest rate, ext...
Akshay Wattal
What happens to the rents paid by the tenant when PM company goes out of business?
Hi all,The owner of the property management company managing by rental unfortunately passed away a month back. Their attorney had reached out and mentioned that the company was out of business. The tenant had prepaid ...
Paresh Patel
Is there a tax deduction for defaulted loan interest not-paid?
Hello. I would like to pose a question relating to the tax treatment of Loans made though any of the leading Real Estate Crowdfunding Portals that go into Default.Many of the CF sites may reasonably be expected to ev...
Marcus Nickson
Wholesaling as a realtor
Hello BP Members,I'm a realtor but I would like to wholesale also I'm a Texas realtor so I would like to know if you Texas realtors use the TREC contract to wholesale or do you use your own custom contract? Thanks in ...
Thomas Parrott
LLC question
ive been reading some stuff, and i just want to make sure im not wrong about this-
but is one of the primary reasons of forming a LLC protection from being sued? Are there a lot more benefits aside from that, im not ...
Anthony Cologna
Account in NJ proficient in QB online?
I’m having such a hard time getting the right person to take care of my Quickbooks and file taxes for my Real Estate investment business I’m in NJ and I had the same accountant for 25 years and he retired two years ag...
Susan McBride
Investor Offer to Assume Mortgage - Legit or not?
Hello. I just received an offer from Mono RE LLC / CDK Investment to purchase my home, which is currently on the MLS, at the full listing price. It seems too good to be true and I am currently trying to research th...