Phil T.
Where do you keep your reserves?
I'm working on buying my first buy and hold and am trying to figure out the best way to work bank the accounts. I plan on creating a checking and a linked savings account specifically for RE. I was figuring I'd have...
Jason Pham
Real Estate tax strategy
I am currently living in a home (home#1) and now i buying new home (Home#2) and old home#1 is convert to rental. home#1 is pay off. my goal is to delay or reduce tax
1) can i take home equity loan out of home#1 and ...
Art Perkitny
Donald Trump Executive Order on Affordable Housing
Read this the other day regarding Donald Trumps recent executive order on examining the affects of regulatory barriers at the Federal, State, local levels on the availability and development of affordable housing. htt...
Daniel Lehman
1st investment
Hello, I will be going to view a potential property for my first investment in a few days. To make this post short and sweet it's a duplex with one unit rented out and I plan to live in one room in the other unit and ...
Bill E.
How much to risk
I am looking to buy my first property which will be a duplex. I'm seeing two that I like, one is 150,000 and the other 160,000. They should cash flow around 200. This seems like a lot of money to borrow and that it wi...
Joseph Lieberman
6-plex Financing Questions
I've had a rough time finding "great" deals in my area (Corvallis/Salem OR) - but I have found one that is at least on the boards of reasonable. I'm not in a rush, but I had some basic questions. Feel free to get in t...
Frank Bonzai
Fastest way to househack? how to save 10k
I have about 3 to 5k saved up currently. I want to save up a total of 10k so i can house hack my first multi family. With my current job, and expenses it would take me about 10 months to a year for me to have that 1...
Jack Garrett
Don't really know a direction to go
I have over 100k equity in the house that I own. Stuck between duplexes and single family houses.
Dena Sommers
Spouse dying investing life insurance money
My bread winner spouse is dying of cancer. I will inherit his life insurance money. I do not have a “real” job but one that makes some money…not enough to support a family. Docs says he has a year to live. He makes...
Craig Steltz
HELOC - LLC question
All,
If I take out a HELOC under an LLC. Meaning the LLC would own the HELOC. How would one deduct interest on their taxes? this wouuld be a single member LLC. Can I just use the EIN on my own personal tax return ...