Timothy W.
A foreclosure was vacated by the mortgage company?
Never heard of this one before and was hoping I could help out a potential buyer of mine. She had a property where the mortgage company started foreclosure proceedings against her, but she was able to sell the proper...
Account Closed
Florida Appraisals - Big Deal?
Hello friends,I'm trying to make an offer on a triplex with FHA financing. My realtor is convinced it won't appraise for full price, which is what I'm offering with 3% closing assistance as this is a triplex built in ...
Larry Miller
Buying a house using HELOC? Timing?
I am looking at using a Home Equity Line Of Credit (HELOC) to buy a house in San Antonio but I am new and don't know how the timing will work. I know you can get pre-approved for a typical mortgage and use that pre-ap...
Mo Muigai
How to refinance without closing cost
Newbie here. We just purchased another home and are renting our first home from 2/1/20🥳. our first home has some cash that we’d like to pull out and obtain a rental property leaving it at 20% to avoid PMI. How can we ...
Ryan Kenneth
What counts as Cap Ex?
Hi all!What do you guys consider to be a cap ex item?Each month I set aside a percentage of rent collected and place it in a savings account so that it builds up and is eventually ready to go towards the costs of lar...
Eric Lowder
Schedule E expenses for end of year purchase
Quick question about 2023 expenses.
We purhchased our first inventment property at the end of December 2023, but did not get it listed for rent until January.
We had some expenses associated the purchase in 2023 tha...
Wen Lei
Tenant Eviction Question
Hi, I'm recently evicting one of my tenants and I got a notice from my attorney about my tenant propounding discovery and the total cost to respond would be $1400. I know my tenant is trying to delay the eviction and ...
Andrew Zavage
finished a BRRR
Investment Info:
Single-family residence fix & flip investment in Pittsburgh.
Purchase price: $80,000
Cash invested: $72,900
Project complete. Waiting on permanent financing to close. The ARV v...
Joe Au
Good Debt vs Bad Debt
Is there a such thing as good debt?If I have to categorize debt, I would say the debt I am paying for, it's bad debt. A debt someone else is paying for, it's good debt.Which means, if I have a mortgage on my house and...
Mary Jay
Does a business bancruptcy affect personal buying?
Hi guys,I have a good credit and have few properties (couple are in my name and few are in LLC's names)I have always wanted to open my own business but scared that if my business goes south it will prevent my ability ...