Stephen Moreno
looking for advice on VA Hybrid loans
I am looking at a VA hybrid. 3:1. Initial rate is 1.75% for 3 years. it can flex one time per year and never more than 1% a year and no more than 5% from the original rate at any point in time. Amortization is recalc...
Hoan Thai
Reducing total interest paid to your 30 year mortgage
I just got back from day 2 of the Rich Dad seminar taught by Elite Legacy Education. Our instructor Trevor Evans showed us what they call "Double Principal" payments. This is NOT the same as paying two mortgage paymen...
JaNarria Johnson
How to find a homeowner of a foreclosure
I am so terrified as I try to force my very careful self to listen to my rambunctious self say "scared money doesn't make any money". I have a buyer, and could possibly have a seller for my buyer. It would be a WHOLES...
Eric Castaneda
Saving for a First Home! How to make the most of my principal
Would appreciate any advice or personal experiences from anyone on this topic!With housing prices ridiculously high and rising interest rates, I have decided to live at home with my mom to save up money for a down pay...
Zach Howard
LLC - many questions, please help!
I think it's probably better to hold real estate in an LLC than in my personal name. Reason being is that I'm not a US citizen and I do not live in the US. I have so many questions though.1) Can anyone tell me more ab...
Owen Schwaegerle
Do you ever purchase a property subject to with negative cash flow?
Do you ever purchase a property subject to if the property has negative cash flow?Here's the scenario. Purchase price $650K, subject to existing $600K of financing at 3.625%, $25K down, $25K owner carry with principal...
Aaron M.
Cash Flow with Commercial Lending
I recently started out in Real Estate investing. I have a 50/50 partner and we have formed an LLC to handle all transactions and management. Examples i see on here talk about cash flow assuming a 30yr traditional m...
David Jesse
Do I pay income tax on rent income paid towards mortgage?
Hello EveryoneI am considering buying a house in California which has a guest house suitable for one person to live in. I may live in the guest house and rent out the main house or vice versa. Do I pay income tax on t...
Derron Taqee
Was Kiyoski right when he said a business owner can pay themselves first and the gov taxes whatever is left?
So I just finished reading Robert Kiyosaki's Rich Dad Poor Dad and he stated something about how business owners pay taxes vs how 9 to 5ers pay taxes. He says 9 to 5ers pay the gov first in taxes and they get whate...
Patrick Orah
Advice Needed on the Tax Advantages with rental income investment
Hello BP community, I am looking for advice confirming what I think I know about tax advantages with rental income and help filling the gaps on some of the tax advantages/strategies that I may be missing.
To begin, I...