We have a practically paid off rental property (we owe 39K on a 5.25% 15 yr fix) in a great neighborhood that has had the same renter in it for 7 1/2 yrs. The home is worth. $400K Our primary residence is on a Inter...
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I am looking to take out a HELOC on my principal residence but would then like to turn this residence into a rental property as well. I've read that the bank could enact a due-on-sale clause for the property becoming ...
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Hello all, We are in the process of getting our principal residence ready to sell. The problem is we do not want to move out for roughly 5-6 months. Our main reason is that we are just starting to build out our new pl...
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Hello! I will be receiving my broker's license in Bend Oregon in April and would love to meet with interested Principal Brokers to discuss the possibility of working with your office.Thanks!!Christy Osterkamp
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Hi BP Pros-I know there has been a lot of discussion on the pros and cons of being a licensed real estate agent, while simultaneously operating a REI business. How have other agent/investors proposed this to their bro...
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I have a 30 year mortgage , the monthly payment is $2916 at 4.1% the current principal amount is $532.41 I’m sending one extra principal every month additional to the regular payment ,Now the question is How can I ...
Under current Costa Hawkins (CH) law if a tenant is not using a rent controlled property as his/her principal place of residence, the landlord can raise the rent to market rate. Doing so usually results in a tenant fi...
I'm looking at purchasing my first investment property, a duplex. However, I still live at home with my parents. Every insurance company I call says they do not insure standalone rental properties and I must have prin...
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Can You Deduct Payments Paid on a Principal Only Note?
Situation; Elderly Seller bought their Triplex home for
around $350K Many Many Years ago. She lives in One unit and rents out
the other two Un...
Hi, I'm really interested in learning to analyze deals/properties for future investments. I've noticed in pretty much every analysis in videos and blogs, the person will deduct the entire mortgage payment (interest + ...