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I heard that with a 1031 exchange we would need to replace the entire debt. How would that work if the property is being owned by two unmarried joint tenants with rights of survivorship, with only one person on the or...
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I recently graduated college and would like to get started in real estate. I have just started working and am making ~50k but expect to move up to ~60-80k in about two years. The problem is I still have several studen...
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Greetings there
I am new to the real estate world
Unfortunately like many young folks I am saddled with a lot of student loan debt, hence my income to debt ratio is very bad
For those who have experience attaining ...
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Hi All, My partner and I recently purchased a home, acquisition was 130k after closing. He put about 90k into the home in renovations. It gets a little tricky because my partner is also my boyfriend. He was expecting ...
I want to do a cash out refinance and was wondering if I should it it two stages. Goal is to pull out as much cash as possible to use towards next deal.-Credit score is around 625. It’s low due to high utilization (&...
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I have student loans that I am paying. I just pulled my credit report and they are greatly affecting my overall debt/available ratio. What happens if I pay off one of the loans, do I lose that debt + what is available...
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Hi, newbie here. One of the things I’m uncertain about is whether or not I should pay off personal debts before making investments. For example, in about 1 year both my car loan and student loan will be paid off. Woul...
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Hi everyone!So My fiance and I bought a SFH in an A class neighborhood with a VA loan and little down last year when the market was "hot". Needless to say, almost immediately we realized what just happened. We then re...
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In my opinion bad debt is when you pay a debt that is not making you money for example paying bills and student loans. These debts are not making you money where as good debt is somewhat like and investment like using...
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There seems to be confusion regarding how the new Tax Laws affect the interest deductibility of home equity loans and HELOCs. A lot of folks think the new laws do not allow deductibility of interest on their HELOC. Wh...