Joshua A.
Looking to change my life.
Aloha all,I am in an interesting situation and really want to move towards my dream of renovating/flipping homes.I am currently a project engineer for a GC. I was recently (2 months ago) relocated to Maui, bought a co...
Stephen E.
Checkbook IRA/ Checkbook 401K: Its is Legal or Illegal
I have known about self direct IRA but not Self Directed 401K and 'Checkbook' IRAs. I wanted to take control of my personal debt and let my IRA benefit from the loan but still maintain tax preference.What circustances...
Timothy Ryan
Please Help, Formulating a Creative Finance Gameplan to help Personal Finance
I own a home valued at 400k with 230k on a 30 year fixed FHA. Our debt to income ratio is too high due to student loans and a few credit cards hence the FHA. Also my credit score is not great right now due to some l...
Chris A.
Cost Segregation Study 481(a) deduction creating a loss
So I am thinking of doing a cost segregation study which will create a $250k loss as 481(a) deduction on my 2019 tax return. If I apply for a loan next year, will the lender count this 481(a) deduction as depreciation...
Jan B.
Can this be made to work..?
Hi there -Sorry if this is a pretty broad question but we're just about to get started in REI and after reading a lot about the topic - and listening to a ton of episodes on the BP podcast - we're currently figuring o...
Micah Shelton
Sell one rental to pay revolving debts portfolio created? Or?
Snapshot of issue:
I have accumulated 5 small multi-families. 4 in Indiana, 1 in Portland, OR. Through that have had to heavily renovate one and two others with significant tenant turn over needs this past year. I ha...
Ken Deboy
Is it hard to get a HELOC on an investment property if I'm LLC?
Currently own following properties:a. Single family home, Zillow says it's worth $161,000. Currently rented for $850/month, same tenant for 3-1/2 years. Lease is month to month.b. Single family home, Zillow says $118,...
Monique Sison
Should I pay off my $360k student loan debt or invest?
Hi, my name is Monique and I am a newly graduated dentist. I’ve entered my profession with a mountain of student loan debt ($360,000 to be exact). My plan was to make small payments on my student loans and focus on sa...
Tae C.
Does HML count against your personal DTI?
Hello all,Not sure if this should go into Personal Finance or not. Anyway, question is as stated - does your hard money loan count negatively towards your DTI ratio? I am wondering specifically in the context of if y...
Sean Anggani
Interest-only loan fixed rate for 10 years vs fixed 30 year
Hi everyone! I'm a newbie here buying my first condo property here in West Town Chicago, and am wondering if anyone has bought property with or has thoughts on an interest-only loan that is fixed rate for x amount of...