Anyone else out there using a HELOC on their primary residence to fund their REI? Both of my buy and hold deals were funded exclusively from my HELOC, which I then refinanced into a traditional mortgage. Because of fo...
Hi Folks, My business partner and I now have 3 rental properties in both of our names. We have read on numerous occasions that the best thing to do is form an LLC together and transfer the properties into it to mitiga...
Hi,
I'm been trying to understand the area of Self Directed IRA / 401ks
for the past few months (albeit in an on and off manner, I've read
several IRS publications on the subject).
I then ran into this Forum today a...
Hi All!I'm new to buy and hold investing. I'm using a excel spreadsheet that has a conservative 10% vacancy reserve and 10% maintenance reserve every month. I've spoken with turnkey companies that say they use a much ...
I was thinking about owner financing a property to a buyer and I need some help to figure out if this is a good deal or not.I paid $235,000 for the home. Here would be the terms with the buyer:Sales Price: $315,000 (N...
Hi BP family,Does anyone have experience in bidding tax deed foreclosure property?Me and hubby intend to bid for tax foreclosure in Kansas, but I came across this statement :Any owner or holder of the record title, th...
Hey BP Community,I'll be closing on my 5th single family home investment property in a few weeks. I'm in Texas, in an area where property values have continued to climb steadily since I've been investing over the past...
I have a friend (and third owner of some of my rentals) who would like me to do a hard money loan to buy an REO for him to rehab and flip. He's looking for 10% interest, six month balloon (interest payable at close o...
I have the most basic question (I understand the "basics" of Georgia tax sales):So, a property owner needs to pay the sale price plus 20% interest on a tax sale I purchase at auction in order to redeem it. Is that "sa...
Hi guys im trying to payoff my moms house with a heloc from my primary residence. How do i go about doing this. Is there going to be tax implications and whats the best strategy. Tax wise and investing wise Thanksshou...