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I'm looking to buy in Bakersfield. 2 properties around $150K each to rent out. Outlay will be $30K down, $750 per property monthly mortgage, income will be hopefully $1,200 per property. Am I insane?
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Hello BP,If I take a HELOC on my personal residence, can the interest on this loan be tax deducted? The funds from the HELOC will be used to purchase additional investment properties.Thanks
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I live in San Diego (high-priced market ) and am currently house-hacking. I am looking for another house hack here locally, but I’d also like to invest in lower price point areas out-of-state. I’m not a fan of droppin...
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Not RE related, but with so many smart people I wanted to try my luck. I hope this is the most reasonable forum for this.
I was hoping for just some general ideas on selling half of a business, from one 50/50...
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Treasury is seriously considering a refi program for purchase and refi at 4%. What will this do to our real estate ventures? The fine points will be coming along soon...
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Can anyone recommend a hard money lender near Bellevue, Washington State for preforeclosure flipping?I see the list here, just looking for recommendations based on your personal experience with them.
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Hello all tax professionals on BP, I would like to reach out to the knowledge base to see if any of you have dealt with a similar situation as addressed below and how to properly handle it. Thank you in advance!Topics...
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I'm a full time rehabber flipper and became very interested selling notes. I have a few properties that I own free and clear that I would like to get some cash out. But most of all I would like to sell some of my reha...
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I had this tenant that I inherited with a recent acquisition. She must have been living with a boyfriend for the past 2 months, but from the moment ownership was transferred to me, she neither payed rent, or attemp...
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I currently have been trying to invest in Investment properties for 6 months now. I don't know if I am approaching it correctly and would like some advice. I have put overs in on over 8 properties now, but have been b...