Andrew Hoek
Interest Only Loans Claw Back
Ten years ago, the real estate market was on its way to all time highs. Anyone who was not investing in real estate was a fool. Along with all of the excitement came the infamous 10 year, interest only loan. Fast forw...
Peter Pezzano
What Needs to be Met in a Foreclosure?
I'm starting to target pre foreclosures. This is the example I would like to be made more clear:I find a seller who has received a notice of taking, I make him an offer to sell to me and he agrees. How do I know how m...
John Krohn
Land Contract & HELOC
Hello all, I have a newbie question. I am considering selling a house on a land contract. Now, can I also take equity out of the house in the form of a HELOC (bought the house cash, cheap, and did major renovations) a...
Zano Bailey
Real Estate Investments Gone Bad!
My wife lives in Texas has a house and a townhouse in the Atlanta Georgia area that she purchased over 7 years ago prior to our married. The first house is occupied by a tenant who was supposed to purchase it several...
Tim Hendricks
Print Your Own Money, Legally
Print your own money, legally.
Instead of swapping hours of your life for dollars on a job, do what many wealthy people do, print your own money. You say, that is illegal. Let me expain.
I am...
Marie B.
Continue to Rent or Sell advice needed
Hi, I am new to this forum and looking for some advice on our current situation. We have a home in MA that ended up becoming a rental property in 2008 when our jobs brought us out of the country. We now own a town-h...
Nathan Waters
Profit and Loss Statement on Rental Properties.. Mortgage?
When you write up your profit and loss statement, how do you break down the mortgage? Is the interest, taxes and interest the only loss? I'm assuming principal is not written in the loss category even though it goes a...
Aaron Hunt
Can you gift part equity of a home each year to avoid gift tax?
Question for RE / tax gurus:If a property is worth $100k, can two parents gift 50% equity of a property to their child and their spouse in one calendar year (2018), and the remaining 50% of equity the following calend...
Chase Cline
Rentals Taxed on Net Income Which Doesn't Include Mortgage?
Hi Everyone - I have 3 STRs and have gotten very serious with looking at the full financial picture on them now that we have a CPA. We just bought the last two in the last 6 months, but have had our first for almost 5...
Ron B.
Dumb question, sorry in advance
Sorry in advance, I'm not an accountant and I'm trying to figure out if a property is worth buying by doing my own rough math before paying my accountant to do it for me. So I have a $3.5m purchase and have a 100% loa...