Melissa Rivera
Are there any specific type of rehab loans to apply for?
Newbie! when you are looking at a home you want to rehab to fix and flip it. What kind of loan would you use? Are there specific types of rehabbing loans out there just for fix and flips?
Antonio Sosa
50k for paying off collections? or Down payment on a Flip?
Hey guys im a newbie, and saving money to get into real estate flipping. I have a low 600's score and completing my second year of work history to qualify for a loan, i wanted to ask this comunity for some guidance. s...
Account Closed
Selling/transferring house to my mother - cheapest way?
I purchased a house less than a year ago fro 280K. Since then it appreciated by about 20K. Also, I put in about 20K of improvements in it.What's the best way to make the transaction and minimize the tax burden? Should...
Mike A.
Advice requested - options primary and rental
All, looking for some advice on what to do
Primary - 725K at 2.875%- 30 years -70% LTV
Rental - 215K at 2.5% - 14 years left - 35% LTV
With the state of affairs, it is basically no cash flow on rental with all exp...
Gray Bryan
Selling your home tax free when you are single.
I am single and own a house free and clear and it's worth about $500k. Under current laws I can only exempt $250k from capital gains. I could get married and file jointly and the exemption would be $500k which is enou...
Account Closed
Calculating basis on a Flip when 401(k) loans are involved?
I have a flip I am finishing up. My wife and I took out two 401(k) loans - $50k and $30k - to purchase and rehab it. Let's say the ARV is $120k. Would the basis be the ARV less the cost to purchase is ($50k) and the c...
Tommy Sowell
Cash out and improvement should equal out?
I'm doing a 1031 exchange from San Diego to Hawaii and I need a little cash to fix my new properties. If I take $5k cash out of the exchange and spend $5k on improvement on new property would the $5k income from the ...
Maleshia Gilcrease
fha 203K or homestyle reno loan
Good afternoon,I am considering doing a house hack using the FHA 203K or Fannie Mae Homestyle loan. I would like to either create an adu or house hack a multifamily that may need some work. Does anyone have any referr...
Jesson George
Securing Financing for a 3-Unit Multiplex in Hartford, CT
I’m purchasing a fully renovated, vacant 3-unit multiplex in Hartford, CT, for $450K. The anticipated rent per unit is $1,700-$1,900, annual rent 68,400
I’ve been quoted a 7.125% rate on a 30-year fixed mortgage from...
Steve Graham
Shout out to all the CPAs out there - mort deduction retroactive
I posted this last week. I got one response but was hoping to corroborate. I did a remodel on my house 1 year ago (cost 275k). Now I am doing a cash out refi (almost 400K). I believe I can take a mortgage interest d...