Chris Martin
Amortization of loan costs in refinance?
The IRS form 4562 provides, on line 42, for "Amortization of costs that begins during your 2021 tax year." I had understood that some loan costs would fall in this category, however, this no longer seems to be the cas...
Mario Cruz
Property with a mortgage
If I get a property under contract that has a mortgage. Is that mortgage then in my name? Who's responsible for the mortgage and will the lender allow the sale of the property with a mortgage on it. Thanks for the hel...
Eric P.
0% for 21 month credit card as backup to get started?
Wife and I want to make 2017 the year we jump in. Too much analysis paralysis. Our thoughts are to start with a property around $100k. Approved for a 15% down loan with an online lender. We'd want 6 months of bill...
Robert Peeples
HELOC to finance rental property of flip
I have 58k equity in my primary residence. I'm interested in using this to invest in more real estate. Considering the Jacksonville market, should I use some of the equity to buy an inexpensive property and rent it; o...
Daniel Krueger
First Deal 6 Unit Apartment Building
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $475,000
Cash invested: $95,000
Purchased for $475,000 with a down payment of about $90k. Spent about $30k on...
David Cowan
2nd Month Direct Mail (LA County, CA). No response to mo 1 postca
Finally committed to 6 month mailing campaign. I've done mailings before, but (silly me) never considered follow up. DUH!! Anyway, My first month of mailing my current list yielded NO responses! That has never happene...
Jess Azong
Tax question on refinance and need a CPA
Hello! So, friend bought a property cash under their name and now refinancing (cash-out refinance) the property into an LLC that is jointly owned by both of us and we will be getting funds from this refinance for reno...
Elena C.
Current lowest mortgage interest rate in MA? VA/FHA/Conventional
Hi all,
We are currently shopping around for the lowest interest rate to purchase our first primary residence, multi-family in MA. We are currently looking at Everett, Reverse, Malden, and Melrose. My husband is acti...
Salvatore Gaglio
Bought my first REI property
Investment Info:
Condo buy & hold investment in Sunnyside.
Purchase price: $395,000
Cash invested: $25,000
Bought my first REI property with my Fiancé 2 years ago in Sunnyside queens, NY. We boug...
Corey Adams
First Brrrr Project!!
4 bedroom, 3 bathroom, 3200 square feet in Neosho, Mo. Purchased for $82,000, $15,000 Rehab, $3,000 in holding costs, took 8 months to complete because I’m lazy lol. Lease optioned for $1,400 a month with a $5,000 opt...