Backstory : we entered into a deal that guaranteed us payout over a year ago. We've tried to be patient because the guy we're doing the deal with ran into a bunch of permitting issues. But it's been 2 months since he'...
https://www.nysenate.gov/legislation/bills/2019/s2892Some call it Lease for Life... Also known as Good Cause Evictions...What are your thoughts?3 Part Mini Video someone put together. (Not Mine)https://www.youtube.com...
I own a First Mortgage Real Estate Note with a face value of $90K. I paid $72K for the note, which has a balloon payment in 2 years. Does anyone know the tax implications, if any, when I realize the $18K gain from t...
So my principle residence sits on 4 acres and I have someone interested in exchanging some of my unused portion (1-1.5 acres) for a rental property. My home and land is still under a mortgage and therefore, I have to ...
I’m selling a rental investment property I solely own (Property 1). I would like to avoid (uhmm...defer) capital gains tax by investing profits in another rental investment I own (Property 2)...basically reduce princi...
Question is this:Lets say that a homeowner bought his house in 1990 for $200,000 and he kept paying on it until his principal was cut in half, right at $100,000 by January 2015. Since then, the homeowner couldn't affo...
I saw a craigslist ad for a 3 unit for 120K. I only have enough for about 10% down right now so I asked the seller if they would consider seller finance for three years. Here were his terms:10 yr amortization @ 10%, ...
I have an owner finance offer in my property below and not clear how this would work.1) Are they saying that I will be fully paid in 5 or 8 years? So the monthly payment would change later on? I guess that’s what the ...
I got a email from one of my craigslist ads. the lady wants to sell her house so she can move out of state to take care of her parents. she has a mortgage in place for 175000 from 2005. her payments are 1800 a month ...
Hello, While majority of the people on BP are always championing cash flow, I beg to differ the strategy while thinking long term. I am curious on what other people think of it. Currently I am taxed at 35% of my incom...