What is the purpose of a mortgage broker? Are there any hidden fees to working with one? Should I do my own shopping to find the best rates or should I seek the advise from a broker ?

My brothers and I don't have an agent because we wanted to reduce any expenses (i.e. agent commission) we could since we are just starting out. However, the listing agent is claiming that she "will be held responsible...

Im a newbie investor.  Stupid enough to create an LLC on 12-01-14.  Now I have to file taxes for that LLC.  I have no partners and plan to wholesale properties.  Should I classify my LLC as an S-Corp or Corporation?  ...

My buyer's agent continually tells me that I should not worry about a positive cash flow to back-calculate an offer. Why? Because you don't want to show income (of cash flow) on your tax return, or else you'll be taxe...

Investment Info:

Other commercial investment investment.

Purchase price: $3,800,000

Cash invested: $300,000

Red Roof Inn Motel - Purchased completely renovated but not operational. We will open and ...

My wife and I currently own our own house in our own names. I've been looking in to ideas of how to write off rental income. The way we have the LLC set up, it roles its income directly in to our joint income, Texas i...

For tax purposes... for the same home would you benefit more from claiming no income on secondary home vs claiming it as a straight up investment property? (Just to make it fair let's say tenant pays cash non traceabl...

Hey BP!! I have created a sellers list of vacant properties by driving around, but im a little apprehensive to send letters due to uncertainty. How do i explain what im doing with the property? Do i tell them im bu...

I know you can purchase a home using your IRA.  I currently have a 401K through my employer.  Anyway I can use it to purchase rentals for retirement riches?  NOTE:  I am aware of the rollover aspect of the 401K into a...

I have a question with respect to Cash-Out Refinance.Background and some context- We bought a duplex last year and put in some money into it.- It lost money this year due to an eviction and we ended up doing a major r...