Hi Everyone,
Recently I listened to a podcast with Clayton Morris (not a BP podcast, I know...FOR SHAME!) and he mentioned a strategy about using your HELOC as your main checking account.
Having your paychecks goin...
Hi BP Community,
I am currently looking into a 19-unit apartment complex in Chicago and after speaking with other investors, the term "preferred return" kept popping up. Can someone provide a simple example as to how...
Hello everyone! I work full-time as a general contractor and have my Residential Building Contractor and Residential Real Estate Broker licenses in Minnesota. From 2011-2014 I flipped roughly 30 houses, so I have a so...
1) Depreciation Carryover - Let's hypothetically say I have $100K in salary so that I qualify for $25K in passive activity loss deductions. In 2012, I take a $30K net loss from real estate operations. My understanding...
I'm looking into unique ways to wholesale properties. Is it possible to wholesale a property with a lien on it? If we work it into the buy price and the numbers work for assignee and they are completely aware of it? C...
We have accrued decent equity in our home in NJ and maybe a bit in the rental prop purchased in FL earlier this year. Our plan is to use this equity to purchase another property. How do I access this equity? Refinanci...
The more I learn, the less I like my conventional IRA invested in stocks. Am I correct in my thinking that I could transfer into a self directed IRA and use those funds for lending and accrue that interest tax differ...
Noticed that the principal portion of my mortgage payment went DOWN from Feb to Mar. Looked back over the last year and it kind of jumps around, not always continuously increasing. Called the bank, they said it was ...
I have a couple questions hopefully someone on here can answer one or both.
1. I recently sold a house that had a first and a second note I made to the buyer. The second was due and she paid off the principal howev...
As a newbie just starting out and interested in focusing on REO properties- with inventories at record levels, and in this market it seems as if the banks are the only ones creating equity with home values being so lo...