Is it customary and legal to charge interest on delinquent rent and fees? In the lease provided with his book on managing rental property, @Brandon Turner, includes a clause requiring 18% interest per year on delinqu...
Hi BP,I am an aspiring real estate investor who currently rents. I recently moved out of a house in Cuyahoga Falls, Ohio that a friend and I rented for 2 years. When we moved in, we had to give a security deposit of $...
I'm looking to buy the remainderman interest in a commercial office space in CA. My non-real estate business will occupy about 3/5 of the sq footage so normally an SBA 504 would be ideal. However, I need to get the de...
Hi allI'm a non-W2 employee and I've bought 6 houses the last 2 years with non-conforming loans at approx 4.25 - 6% interest, still making them cash flow without issue and putting 20% down with 30 year conventional lo...
Hi,I have separate accounts setup for security deposit in Baselane. When I receive interest next year would I be responsible for paying the tax on that. How do people allocate tax to the renter rather than paying it t...
A brother and sister inherited a house and are in title as tenants in common. The brother, who lives in the house, wants to sell but the sister, who lives out of state, is refusing.
In the mean time,...
I am very interested in pursuing seller finance deals and really like the idea of aiming for 0% interest (or anything under the AFR for the purpose of this post). That being said, I never want to do anything unethical...
Hey guys, I just found out my girlfriend has been paying a $5000 balance of a Discover credit card with monthly payments of $95, while being charged an interest of around $75 every single month – leaving her essential...
Hello all.
I have a second loan on an investment property. Interest rate is considered pretty high at this point (6.5%) and am aiming to get it into the 3s.
Option 1: Refinance with the bank ~ though the amount is...
I bought vacant land, built a spec home and sold it to an end user. I know that interest on the acquisition loan can be included in the cost basis since it’s inventory. But what about the interest on a cash out refina...