Dan Simpson
Question about refinancing rental properties
I have a question about refinancing rental properties... I own 4 rentals which have balloon loans on them. All are about to expire, so I need to refi. I prefer to refinance on the secondary market which offers lower i...
Account Closed
How to fund down payments/closing costs
Hi everyone,I’m looking for advice on how fund downpayment/ closing costs for rental properties to maximize the amount of units I can buy per year.Should I save the cash, use personal credit of line, home equity ( I o...
Michael Shadow
Sell your house to your llc then rent
Has anyone ever sold their primary residence to their LLC and then rented their home back from their LLC? I was thinking this could have some fantastic tax savings by expensing home maintenance/utilities/insurance, e...
Erwin F.
If I require renters insurance, should I adjust rent?
So I was thinking of requiring renters insurance when our tenants renew next time. Let's say market rent in our area is $875 for a 500 square foot 1/1. If I require renters insurance, should I reduce my rent to $850...
Peter Schuyler
Solo 401K qualification if Im a Property Manager for my rentals
Fellow BP expertsWould my LLC which has buy and hold rental income only at this point, qualify me for a Solo 401K, if I have the LLC pay me as the Property Manager?Would that self employment income be enough to make t...
Collin Hays
Two fallacies to avoid right now: Sunk Cost Fallacy and Recency Fallacy
I hear from a fair number of folks that are ensnared by one of these two fallacies right now.The first one is the "sunk cost" fallacy. The sunk cost fallacy occurs when we feel that we have invested too much to quit....
Matt Eklund
Bixby property management app
I was curious if anyone has used Bixby APP for property management software. I currently hire property managers, but am toying with the idea of managing a couple SFH myself. I'd love to get some input.
Amir Nassar
Real Estate License Pros and Cons
Hey everybody. So I'm just starting out in real estate and getting a lot of great information off of BP.
I've been hearing many different ideas and thoughts about getting my real estate license. I'm currently on the...
Max Cordova
Cash-Out $800,000 Home? (What Would You Do?)
A home that was purchased for $600,000 in 2006 is now worth $800,000 in 2020. The home is at a 6.5% interest rate and a mortgage of $3,900/month. Once refinanced it is estimated that the new mortgage will be $5,000/mo...
Wes Aldo
Solo 401k Lending to itself
With a Solo 401k having a Traditional component and a Roth component; can the Traditional account loan the Roth account funds for the purchase of real estate?Example: $100k in Traditional account & $20k in Roth a...