The new tax law starting in 1/1/2018 states you’re now capped out at $10,000 for SALT. There is no distinction between investment and home ownership in the law. That means you can’t legally deduct anymore then $10,000...
So I get the process of BRRRR. My question is in the actual refinance portion. When you refinance a home at 70%-ish LTV of ARV after repairs/updates and its rented does the lender just give you cash in the form of a...
View report*This link comes directly from our calculators, based on information input by the member who posted.Okay. I've been analyzing a property most days, but this particular one is an actual poss...
Grandfather owns trust, is trustee and beneficiary of trust. Grandfather loan son and daughter-in-law cash June 1994. Security for cash loan was Deed to land. July 1996, son passes. Daughter-in-law had right of surviv...
Hi B/P family,So what if you were about 95% complete on a flip and you needed about 4k to complete, what would you do besides private money? Its a bit of a dilemma because you've made it this far and you dont want to ...
I'm just curious as to how other people define 'overleveraged'? How much leverage is too much? I would be afraid to have a balloon loan or a one year arm. I would be afraid to use hard money. But I do have a 20 year a...
Approximately $9.75B in rent payments were late or unpaid in the US multifamily sector, this month.
What's the percentage of your units that are late/didn't pay rent this month?
Examples:- less than 15%- 10%-25%- 25...
I'll get this right out of the way up front, note newbie (i.e. 1 note). I am looking at a second that has an unpaid balance of approximately 30K. The first is foreclosing on the borrower, the court date is set and the...
Hi everyone, I need some tax and legal advice in my situation where I have been incurring a good amount of unexpected expenses, and after some research tax rules seem to allow up to $25K of write-offs a year, but is p...
Advice Appreciated! I own and live in a townhome right in a booming part of Pleasant Grove. I purchased it about 3.5 years ago for a good price with an excellent rate. I owe about $145,000 on it and my mortgage plus (...