Hello BP family,
I found a seller who wants to sell their property for what they owe in return to rent the house back. For personal reasons, they do not want to sell and move out of the house even though they have eq...
I understand you can write off mortgage interest as a business expense for a rental property. What about interest on unsecured loans used for the same purpose? The offers I see in the mail for 8-10% unsecured personal...
Hello BP family, My situation is an interesting one...I am about to refinance the home I am living in Sub2 to get the loan in my name. I've been here through three tax cycles. When I took over payments in 2014, I told...
I have had contradicting advice regarding a loan we are contemplating so please help me!! We are considering taking out a commercial loan on a rental property we own in our own names and to use the funds for other RE ...
My uncle is selling me a property worth $100,000 for $60,000. The terms are $24,000 down, $1000/mo for 36 months. 0% interest.
He suggested putting down a purchase price of $45,000 and with 20% for 3 years, comes ou...
I have a tenant in Sacramento, CA requesting interest on his Security Deposit.He claims the last property management company gave it to him.My research has provided me with the following...Paying interest on security ...
Hello, I'm relatively new to real estate investing and this will be the first year I file taxes after opening a HELOC last year. I used the HELOC for a down-payment on a new house. I now rent out the old house (with t...
Hi, I'm a bookkeeper at a real estate co in Philadelphia. Question...with interest rates so low is it acceptable to hold off sending out interest checks to tenants over 2 years and just give them the earned interest w...
Hello Everyone!I was once threatened by somebody (a wholesaler with whom I had a contract to sell my property, the contract expired and I did not extend that contract) that he would file a notice of interest on my pro...
Whats the quick formula tom calculate monthly interest payments for a fixed rate mortgage? i.e. just to start with any total balance and quickly figure out what it would cost per month and/or per year with interest an...