We have a practically paid off rental property (we owe 39K on a 5.25% 15 yr fix) in a great neighborhood that has had the same renter in it for 7 1/2 yrs. The home is worth. $400K Our primary residence is on a Inter...
Can you apply for two mortgages at the same name? I am wanting to cash out refi my F&C duplex and also at the same time, apply for a new property, how doable is it? I have the down payment even without the funds f...
Hi,
I am rehabbing a property in Philadelphia with intentions to flip it and I am a Realtor. The estimated completion date was April 1st initially and then with some added work that came up, we signed an add...
in general is there a rule of thumb when it comes to how much $ to set aside for each rental property. $ that would be used for repairs, to cover late rents, etc...?
I have a tenant who is now late 2 straight months...
Hello, I came across an opportunity to invest/ private lend on a fix and flip. The annual return rate is good and time-frame works for me.
My questions are;
1) what are the type of documents I should expect to re...
What are the real tax benefits to the seller when transacting via purchase money mortgage...I can see if the property is not a primary being taxed at capital gains for the sale...but what happens when the seller files...
I have a condo that I want to sell. Owned more than 5 years, never owner occupied. I want to claim the condo as my primary residence and keep current residence as a second/vacation home.
Reading publication 523- ...
What is the best way to structure a deal using owner finance with a family member. One of my family members has home that needs lots of work but the owner can not pay for the work and needs to cash flow. The propert...
I am flipping a property in ca I bought in November 2015 . Escrow lady told me I have to pay 3.5 % franchise tax because property is under my name . Is there any way I can avoid this tax any suggestions will apprecia...
I am newbie and would like to use my 401k to buy my first property any directions would be greatly appreciated?