Hi All, I read a bunch of different forum posts on the different approaches, but was curious if anyone had the tactical (step by step) process for this question. 1. What is the step-by-step process to transition an ex...
Hi, apologies in advance if this question has been asked before. First some background. I am considering partnering with a friend, who happens to be a skilled builder/rehabber, on flipping homes together. We are consi...
I am a PML operating exclusively in the state of Pa. I am considering doing my first second mortgage of a substantial $ amount. (I have done small seconds in the past as an unsecured personal/promissory note.) I be...
I'm new to investing. I'm about to close on a house that I plan on living in while renting out the other rooms. First I was wondering what's the difference between a house expense and a personal expense. Second, what'...
Hey all,I have a little dilemma. Ive been using all of my own money to buy homes, pay for supplies, repairs/contractors, etc.. I don't want to use my own money anymore because it is now dwindling. My business has not ...
Hi all!I am under contract on the sale of my first home, I have owned the house for 10 years in Oakland County, MI. I HAVE lived in the home for 2 of the last 5 years and the reason for sale is my recent divorce. Here...
Investment Info:
Single-family residence wholesale investment in San Tan Valley.
Purchase price: $275,000
Sale price: $280,000
This was actually my next door neighbor. They had an HOA lien and a jud...
Hey guys! Im looking for advice here.I've been looking into trying to open up an unsecured line of credit, mostly through my business. The issue is i've been mostly getting denied simply because of the fact that my bu...
Hello,Hoping to get some direction on potential options for creative financing:Opportunity to buy a duplex (future opp to be converted to quad and run as Airbnb possibly)- Sale price $320k (negotiable)- $420k appraise...
How is rental income taxed? For example if I have multiple investment cash flow properties and when tax season comes. Is the total income whether vacation rentals/ long term rent, taxed as regular income tax based on ...