Alejandro Arciniega
Should I buy or move back into my rental
Hoping to get some clarity from you fine folks.I purchased a SFH in Southern California and have been renting it out for the last 5 years. It's currently cash flowing $800/month. My wife and I have been renting a smal...
Brett Sodders
Short Saling with a 1st and 2nd
I'm just looking for a little bit of clarity from the experienced... I'm a bit confused on how to handle a short sale that has 2 mortgages. I'll give na example: John Doe has a house that has a first mortgage of 20...
Dhruv Sarang
Appreciation vs. Cash Flow? Which one is more important?
Hi everyone!I'm planning on investing in a pretty expensive market Victoria, BC where the 1% or 2% rule doesn't necessarily apply. I'm really new to investing and just wanted to gain clarity on this topic Appreciation...
David Coffee
LLC business and Tax Question
Hello, I am reaching out because I have a few questions about taxes and an LLC:
1st. For Tax purposes; is it better to start a Single Member LLC if you are a married couple and your business is a Home-Based LLC? ...
Jack Miller
Credit Card Personal Loan
Hello!My name is Jack Miller and I have been investing for about a year and a half now. I live in the Oklahoma City area and have 3 units under my belt, all of which have been owner occupied loans. At the rate I’m wan...
Thang Nguyen
Could you help me with the exit strategy.
We are a group(3 pp)and we have the property under contract (1ST DEAL) with 70k. Arv 90k. The house is just need little bit of work. 1st guy think this house is very good deal, and he want that he will get money lende...
Christopher Clarke
Purchasing a new house
Hello everyone,I am trying to get some clarity on an issue with a potential house that I am in the process of buying. Scenario: I am planning to purchase what I believe to be a multi-family house in MD. The house bein...
Kevin Hill
Jumping into a new adventure
Hello, My wife and I have been thinking about real estate for awhile now so we said let's make a go at it. We are very new to this but have a desire to see if this fits for us. We have been listening to the bigger p...
Khalipa Oldjohn
What does property sales instrument code OR and CD mean w/r/t a vacant lot purchase?
Hi, so I won a tax deed at an auction for a vacant lot but I am trying to determine if there are a bunch of leins on it. The last few sales codes say CD, QC, OR, OR. I know QC means Quit Claim but what does OR mean? A...
Andreas W.
Can mortgage interest of primary residence be a business expense?
I have a question in regard to refinancing rental property. The interest rate spread of a conventional mortgage between a rental property and a primary residence is about 1.5%. I remember the time when it was closer t...