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I was pre-approved for a loan, 2 days before closing underwriting denied me. They requested me to put more down, but down my interest and pay an initiation fee. Is it worth it or should i just take the loss and loose ...
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Hello All:
Thank you in advance for all the generous contributions all of you make. I appreciate you taking the time to answer my question(s).
I have my first deal under contract and will need to invest 10-15k to ge...
I have an aging duplex purchased in 2012 with substantial gains and I'm considering cashing out to build a 4plex. Would this be considered a "like kind" exchange in the eyes of Almighty IRS b/c it's a new construction...
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I am buying a book of 6 properties, the seller that is pushing to sell quickly. The problem one of the properties the tenant is 5 months behind on the rent and he just started the eviction process. From my research I ...
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Hey everybody I find myself in a unique situation. I have been recovering from a back injury for over a year now. In that time I received a financial windfall. Prior to this I spent years researching real estate and I...
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So for the BRRRR method, when you do the cash out refi and pull all of your cash out (making a new loan to pay off the first), can't this ruin your cashflow?
Quick example numbers:
Purchase price= $70k, Rehab=$35k
...
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Does anyone have any suggestions for online rent payment sites / systems? Time for me to transition away from going to the PO box to pick up checks - haha. I haven't even begun to research any yet, thought ...
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I'm not new to real estate, as I am a licensed Realtor, however I've managed to hit a road block funding my first deal. I have only been 1099 for 1 year, and I already have a VA loan out. How would I go about finding ...
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I'm in the process of purchasing a 20 unit complex. The bank has given me 2 choices. Option 1 is a 20 year amortization 4.8% vs a 25 year amort @ 4.99% (both with a term of 7 years). The payment would be $7,624.87/mon...
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So I decide to sell a rental property within a LLC. for which I am manager. It was listed for sale while occupied but then the renter moved out. Shortly after the property sells. Now I discover seemingly bizarre IRS r...