Extremely newbie question, but I'd love clarification.I was speaking to a lead today who's bank statement said they had a remaining mortgage balance of around $500,000. The statement also highlighted that they had $60...

Hi Guys, Sometimes its the simplest concepts that I overthink, but I am having a bit of trouble comprehending a refinance. Lets assume I take out a mortgage for X amount amortized over 30 years at 6%. When I refinance...

Hello all!

So I happen to pass by a property I believe to be vacant frequently and out of curiosity I have looked into seeing if it is indeed abandoned. After reading multiple threads for advice on finding in...

Hi guys,

Tax question for you:

Just curious as someone mentioned that I could utilize Sect 179 of the tax code to take depreciation in the same year instead of capitalizing it over X years on certain it...

My question is whether it is a good idea to give my Tenants my Business Banking Information (Name, Account # & Routing #) so that they can make Direct Deposits and Online Payments directly into my Bank Account. I ...

Hi all, I recently spoke with someone who has been in real estate for years and he's told me that he's found a lot of opportunities in auctions and foreclosure properties. What are your experiences in these types of p...

If I have a 4 unit worth $400k, I still owe $115k on the mortgage… can I do a cash out refinance even with no reserves in the bank? 698 credit score. I would use money from the cash out to make a reserve + buy my part...

So just a hypothetical situation. What if your home appraises for higher than ask price? Does that get built into equity to remove PMI Faster if I put 10% down. Seems like a simple math equation that 80% of the spread...

Looking to sell my current property for $710,000 balance remaining is $580,000. Purchased October 2021, so it has not been 2 years yet. How much percentage capital gains tax will i pay?Is the capital gains tax calcula...

I've seen a number of times that people are taking money out of their retirement plans to invest in RE. They also say there is no penalty for doing this under the CARES Act due to COVID. Is this true in all states or ...