Tony Zhang
What's the penalty for using VA or FHA loan for non primary residence?
I'm wondering what will the possible penalty to be if the property we purchased not as our primary residence by using VA or FHA loan after lender found out? Anyone experience have with this?
Spencer Gray
As the Yield Curve Steepens: Fixed vs Floating Rate
I've always been a big believer in long term, fixed rate debt - and I still am. What's better than eliminating interest rate risk on a deal for 5, 10, 12, or 35 years in the case of a HUD 223(f)?That being said, as th...
Melissa Searing
B2R Finance vs Partnership - Which should I choose?
A rep from B2R Finance emailed me and said that they will be offering a 30 year fixed loan for single-family homes starting this August, and they do not use income or W-2s for financing. They use the property's cash f...
Archie Chambers
Financing for BRRRRs
Hi everyone, my name is Archie. Im new to REI and I have many questions and super excited to begin this new journey. I was looking for advice on how to fund a property using the BRRRR method? I have 40k in a 401k. To ...
Mary Jay
Deductions that are too late to deduct during an audit
Hi guys,I never claim my home office on my taxes and I was thinking that when I have an audit, and the audit finds something, then I can use the unclaimed home deduction to offset it.But then Ive heard that some deduc...
Keith Smith
Early Termination of lease fees
I'm wondering what other people might have in their rental agreements if a tenant wants to get out of a lease early? Right now, my lease essentially doesn't allow it. I rather have something that says, must give 60 da...
Sean Timper
Pros/ Cons of placing your primary residence under your REI LLC in Virginia
Hey BP Fam, I had a thought about what would happen, and would it be worth it, to place my primary residence under my LLC and then charge myself rent to live here. I saw a bit online that stated it could be worth it i...
Jesse Turner
Why bother with a Self Directed ROTH?
I'm trying to wrap my mind around this option. Here is the scenario: I have a Roth (and it's an absolute DOG by the way) and I want to move it into REI. I've been reading other post asking about moving 401k funds to s...
Neil S.
401(k)aos for Early Financial Freedom
Today I finished the book 401(k)aos by Andy Tanner. I will be graduating college and starting a full time job in the spring of 2018, and with that brings starting a retirement plan with a potential employer. I underst...
Yogesh M sayanakar
How to work with restrictive HOA's for medium term rental
Hi am looking to use my recently acquired SFH for medium term rental to nurses and other travelling potential and willing to invest in furnishing the home too. That being said my HOA requires 12 month leases, and I am...