Steve Puglisi
Seller financing incentive to sale?
I have a property that I am looking to purchase, the property is fully paid for. The seller is open to seller financing (a portion) but we are about 20K to 25K off on price. I'm at 275K the seller is at 300K. The ...
Tae Jang
I need to correct my mistakes
Hi BP!I need your opinions about my personal financial situations.After paying off my student loans last year, I bought a nice home for our self and two cars last year. Big Mistake! I have never thought about becoming...
Mick Regan
Paying off mortgage or increase principal payments?
I have 7 rental properties and have accrued cash in the bank. Should I pay off the mortgage in a lump sum and put that extra income into paying off principals of others or just pay more on all of the principals and no...
Tim Porsche
My Planned 5 Year Path to Financial Freedom
Hi All,So below is my five year plan to reach a state of financial independence, where all my bills can be paid with (semi) passive rental income. Would love to get your opinions on how doable you think it is, or if y...
Andrew O.
Buyer willing to pay above appraisal, lender issues.
A restaurant owner is looking to buy one of our flips, bank appraised at $200,000, we are asking $230,000 and buyer is happy to pay $230,000. The extra cash the buyer wants to bring to the table is from the restaurant...
Seth O.
1031 exchange when I want to buy new 10 weeks before selling?
Hi BP, I need some help. I am looking to buy a new property as a primary residence and to house hack the property. Here is the info on the new property: it’s a 3 bed, 2 Bath SFH listed for 240k. It also has 1bed 1 bat...
Lexi Narducci
15-year fixed rate vs. 30 year fixed rate when trying to expand
I bought my first home in August 2020 and took out a loan of $450,000 with a 2.5% interest rate over a fixed 30-year period. Not surprisingly, most of my monthly payments are going towards interest with the 30-year fi...
Mark Stone
Eventual loss of depreciation and mortgage interest
Hey Everyone,I was brainstorming about shielding rental income from taxes and had a few questions. Thanks in advance for any help you can provide.Last year I bought a triplex with little money down, and took out an ow...
Joseph A Michel
Extra mortgage payments.
My team and I refinanced on our duplex last year to take cash out for a downpayment on another property. We may want to do the same thing again in a few years depending on what interest rates look at the time. If we ...
Meg K.
Pay off Mortgage for duplex early or wait out the mortgage period
Quick Question: I have a duplex that i have been renting out for the last 2 years. Purchased in 2003 for $90k (more than market value). I lived in one until until 2016 and I refinanced in 2014 to 15 yrs at 3.75% inter...