Brandon Turner
Cash on hand with debt
Is there some kind of general rule on haw much cash to keep on hand compared to the loans you have out. Say you have $30,000 in cash how much would you feel comfortable having loans outstanding on that amount?
Emily Smith
Mortgage Rates Fall
Mortgage rates changed course last week with average 30-year FRMs falling by as many as ten basis points to close at 6.35%, and average 5/1 ARMs slipping by six basis points, to close at 6.18%.
This reversal ...
Anthony Sulecki
Seller Has No Info Required By Bank
So Im in the middle of my first solo shortsale. As you guys know, the bank requires w-2's, and all kinds of other income info from the seller. Well, the seller has nothing. She has no banks accounts, has no recent w-2...
Joe Splitrock
Tax Deadline Extended to July 15
IRS just announced the tax filing deadline will be moved to July 15, 2020. This is in addition to the previously announced move of payment deadlines.
Gary Striewski
Buying a multi-family with long-term existing tenants in-lease
Hi BP. This is my first post, looking forward to hearing the thoughts of those who are more skilled than me. I know this question has been asked a million times with a million different scenarios. I’m thinking of purc...
Brian Mittelstadt
Hi! New to Real Estate in the North Houston area
Hey BP Community! My name is Brian, been interested in real estate for 20 years, but never took action. Rich Dad Poor Dad was inspiring, I joined a Cash Flow group in the area and met up with them several times to p...
Frank Agyeman-Duah
Lender is making my Refi difficult
I'm in the process of refinancing my owner occupied duplex. I purchased this out of state in Cleveland OH, and moved in one units because I work from home. I reached out to a local lender to refi after living for for ...
Jean-Thierry Aleman
Mortgage interest deduction when paying cash for initial purchase
I am about to acquire a property using cash so we can do a fast close. I am then going to finance it with standard mortgage. I thought I could deduct the mortgage interest from the loan but read somewhere I can't do...
Jason Bouthillier
Re-invest or pay off?
Hey all,
Currently own a rental property that has been great for the most part from a tenant perspective and maintenance perspective. I’ve owned this property since 2015 and am coming up on my second renewal in July...
Alan K Auman
Buying a duplex that may have knob and tube electrical.
So as the title says I am looking at a great property with long term tenants already in place so the property is truly turnkey and the price is right. However I have a suspicion that the property may still be fully kn...