Alright, don't jump all over me for the question, but I really don't know the answerLet's say I buy a home for $100,000 and put 20% down with a 7.25% mortgage. I now have $80,000 worth of debt with roughly $450/month ...

Hello everyone. My name is Terica Johnson, I'm from Essex County  NJ and I'm brand new to the site and to REI. I'm here to get a much info and make as many connections as possible. I want to establish myself as a whol...

Loan Commitment states: "There is a prepayment penalty of 1% on the loan for any partial or full principal reduction payments made before the end of the fifth year. After the fifth year the loan can be paid off with n...

Cost segregation studies have far more benefits than simply accelerated depreciation. One of those benefits is being able to accurately write off assets in the event of damage.
For example: You purchase a commercial ...

Just curious, what do you use to do your walk through inspections: paper and clipboard or electronic device such as your phone or tablet?

If you use a device, do you use some sort of form/pdf or
an app/software?

I...

When rehabbing, what kind of contract should you have in place with your contractors? If anyone can share the highlights of their contract with me so I can write my own, I will appreciate that. Or better yet if possib...

I have done a short wholesaling campaign last year. where would you include/how would you tabulate that come tax time? I purchased rental properties at the end of 2014 and middle of 2015. The wholesaling was a busines...

“Wealthy people buy real estate.” I realize I’m fortunate enough to count myself among them. These supposed tax savings though… where are they?

My wife and I are fortunate enough to have two W2 jobs making ~$150k /...

I'm in the process of purchasing my first duplex. This is one I'll be "house hacking" so I applied for an FHA loan and made an offer on a property. However my lender is now requiring a comfort letter from a CPA. My re...

I am considering using hard money or conventional. by most likely I will be using hard money , since the property is no show, the appraisal can't get inside the property.