John McKee
Is anyone using all interest loans as a strategy?
I'm trying to retrain my brain on this kind of product compared to the traditional Principal and Interest. My thought is why wouldn't I do an all interest 10 year loan at 4.99%? Prepayment penalty is only the first ...
Aaron McCurdy
Where do I begin? Commercial investing -- ie: Car Wash
Hello, All! First off, thanks for any advice that I can get. I am learning as much as I can but there is so much to all of this. My wife and I have been discussing what we can do to leverage some of our money and di...
Matthew McNeil
Two Hundred Thousand Dollar Question
12 months ago, I paid off my first rental SFH property in Boise/Meridian, Idaho. Net cashflow is $1060/month. Comps say the current market value is $230,000. I paid $172,000. Two options I’m looking at;
Sell and i...
Andrew Eaton
High End SF Bay Area Flip - Risk-Return Opinions
I am negotiating the purchase of a well located home on the SF peninsula. As it stands, it is a 2BR 1.5BA, 1,020SF home on a 5,000 SF lot. It is currently a rental that needs some TLC.Purchase price will be approx. ...
Tammy Spearman
Purchased a HOA foreclosue, now what?
We are in FL. Without knowledge purchased a HOA foreclosue with a 1st lien. The 1st lien is in pre-foreclosure. The homeowner's were in the process of negoiating a loan mod so the foreclosue is on hold. I dont thi...
Scott Passman
Trusting "deals" as out of state investor
As a new investor looking to invest out of state, I'm finding it very difficult to know when a deal is actually a deal. I have spent a lot of time tracking the MLS, Zillow, redfin etc. and reading up on the varying ne...
James R.
Tenant gets "Attitude Adjustment"
I sometimes have to give tenants, what I call an "attitude adjustment".Below is an email that I sent to a tenant. In her email, she talked about invoicing me for when she had to talk to the utility company. I sent t...
Jody Young
Real danger of asking for private money - long bitter post
I debated on posting this because the incident has discourage me so much. But here it is:Last Friday I arrived home to a business card from a detective from our police department. I had just got home from visiting my ...
Ashraf Farrag
Thoughts on converting my rental property to a lease option?
I have a fairly steady rental property. It was a former home of mine. I lived in it for 7 years and it has been rented for about 6 years. There still is a mortgage on the property and it has a decent amount of equity ...
Bryan Hancock
Deduction of Interest on Home Mortgage on the Chopping Block?
I have seen several articles claiming that the deductibility of interest for your primary residence is on the chopping block to close our budget gap.
Does anyone know what is happening with this? Who is pushing th...