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The title should say it all! I'm new here and this will be my first investment property that I'm buying with my brother after refinancing our current house. We're beginning the hunting process this weekend and our age...
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Negative equity mortgage. One of my close friends has a negative equity mortgage for a property in Florida. The mortgage has passed through several lenders and is now with Shell point mortgage, the homeowner wants to ...
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Before I take the plunge I'd love to hear from those of you who have already been down this road. Would you purchase rental property again. Do the pros outweight the cons? Any advice you have would be great. My wi...
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Hello,
I am looking at a duplex. The numbers look good, but I noticed that the initial equity is negative. Would anyone be able to provide the correct explanation?This link comes directly from our calcul...
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I had a family booked this past weekend. After checking in they called and said there was mold in 1 of the 3 bathrooms at it was unsafe to stay there. The truth is, there was a very small area of mold in the shower c...
Hello fellow investors!
Hoping for some seasoned input on our current situation.
We own a duplex that we initially house hacked in. We rented the downstairs to almost cover the mortgage and lived upstairs. We had n...
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What should I look out for when looking into buying wholesale real estate? Who are the wholesalers in Kansas City an DC who should I run from?
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Hey BP, I need your advice. I am under contract for a duplex where there is a renter in one of the units and I would live in the other. The rent role is $1900. The inspection showed some issues, which the seller is wi...
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If a property has negative cash flow at the end of the year do you get a deduction on your income taxes that are owed?
Say if you earned $30k from your job and you owe $1000 in income taxes but your property had a ne...
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Is it wise to keep a negative cashflow home in the bay area for appreciation, if you can fund the negative cashflow from the positive cashflows generated from other properties. The advantage I see is the huge deprecia...