Alex Cons
Cash refinance? Tax free?
Hello Canadian BP’ers,
Looking on some feedback regarding a strategy I stubbled upon. If you bought a house a year for 10 years (assuming cash flow positive as well), and on the 11th year refinanced the 1st house to ...
Donald Anthony
Struggling to obtain HELOC
I am looking to take out a line of credit on a property valued at $140,000. I owe less than $80,000 and should be able to obtain a HELOC for just around $40,000. The issue is that I have been working for a private rea...
Luke Predmore
Taxes on Rental of Partial Primary Residence
So I bought a house that has the basement completely converted into it's own 2 bedroom apartment. It has it's own kitchen and everything, with their own entrance. Currently, I am allowing a friend to stay there for a ...
Brandon Elliott-Pandey
Any luck with business lines of credit???
Okay... I've been seeing a LOT of ads on my feed about opening a LLC and getting a business line of credit up to $250k!!!I'm curious, has anyone done this and if so how'd it workout for your real estate investments?TIA!
Scott Culver
"Delayed financing" Strategy using a Repair Escrow
I found a HUD property in my area which lists a plumbing Repair Escrow. The unit also needs carpet, paint, appliances etc., which are easy to estimate.
Why shouldn't I add all these known repairs to the escrow in my ...
Chad Slater
Solo 401k as a Real Estate Professional
Hi, I am a real estate professional. Can I use my rental income to fund a solo 401k since I'm managing all of my properties? My rentals are held under LLCs.Thanks!
Maxine Kunimura
Lender keeps contacting my child’s daycare
My lender has contacted my son’s daycare (without my knowledge) twice now. Not to verify the cost or attendance, but because he is trying to come up with a “strategy” (he calls it) to document that my child care costs...
Oladimeji Sonibare
Is Running Ads to a Preforeclosure list Illegal?
Hey, All!
I’m starting a FB Ad Campaign to help distressed homeowners in preforeclosure and could use some unofficial advice on the law.For context, I’ll be providing actual support (showing them how to request payme...
Matt Liu
Sellers says he "paid more" than tax record shows
I am looking at a 15-unit in a flat market area (Rochester, NY) and the seller is saying he paid 320k when the tax records show 290k. He says he "paid 30k additional outside of closing". Can I ask him to prove it s...
Michael Glaser
Business Trips: Spending Airline Miles or Charging
I'm going to be taking some business trips to Kansas City soon. I'm using my SWA miles and it occurred me the other day I might be "doing it wrong". I have both a personal and business SWA card. If I'm able to write o...