Jim Lou
Can I write off interest/taxes if I'm not on the note but live in and pay for a house?
Here's the scenario:I just bought 2 investment properties and can't qualify for another loan until I show income for 2 years. So a friend is offering to mortgage the house we want if we pay all costs and give him a pe...
Mike Smith
Change Primary Residence to Rental - Improvement Tax Strategy
Hi,I own a couple single family rentals and a primary residence (PR). I want to turn my PR into a rental and purchase a new smaller house to live in. I'm going to have to invest quite a bit of money into my PR (thre...
Todd W.
Spec builder wants to build on land I own ... Pay me in a year.
Spec builder wants to build on an expensive ski lot I own. He is willing to pay full price (even 5% over price in a year), but give me nothing today. He wants to take my lot with what I guess is an option, along wit...
Kitty Horeis
4 years left to pay off house - Cash out Refinance or pay it off?
Hi,We are 2 teachers with smaller bank accounts, but with 2 homes in Denver with huge equity. Would like to really start getting into investment properties. We have 4 years left on our old house to pay it off. We sho...
Rob Cee
Filing a judgement against a former tenant?
I have a former tenant that owes me about 6 weeks back rent and left the place a mess. I have never filed a judgement before. How much will this cost me? This property is in another state far away from where I l...
Jeff G.
Is REI just an investment, or can it suffice as a job?
My job of 25+ years is winding down due to sweeping changes in the market I work. It's a long story; the job isn't ending cold turkey, just slowing way down such that I need supplemental income. I suspect there's a go...
Brenda Maddox
refi or heloc /analysis paralysis
Hi Everyone,
I am in Analysis Paralysis phase... I have a home with some great equity in it. I could get a Heloc right now with a low interest rate and get 170,000 out so I can invest in other things. Alternatively, ...
Alicia Marks
Options to defer taxes without a 1031
I am looking at a house package, but the seller is not planning to 1031. I would like to offer options to defer tax because he's retiring in about 2 years, but getting out from under his loan is his priority to be mor...
Mario Arellano
HELOC option for our next investment purchase?
Hello Members, I would like to ask for your experiences/stories/advice on HELOCs. We have 2 rentals with a large amount of equity and a cash out refi on one of them fell through b/c the property is no longer our prima...
Anna Hamann
Forming an LLC or a Partnership and getting financing
Hello everyone,Myself and 2 of my colleagues want to invest together, and we wanted to find out what is the best way to organize ourselves. Form an LLC or a partnership? Then also if we are all willing to get financin...