Account Closed
States with the Lowest Property Taxes as written by Kislay Shah CPA
When looking to purchase a home, there are many details to take into consideration. Many people look at the location, features of the home, and, most importantly, the price. While the initial purchase is important, ma...
Chris Reichenbach
HELOC vs. Cash Out Refinance
I am getting ready to do some updating to my home before I furnish and make it a medium term rental. I plan on using credit lines to fund all of the rehab but am curious about my options to pay them off through a cash...
David Matyas
Construction loan - better to get CLEC or use full approved amoun
I purchased an existing commerical building for about $550k, and I am putting about another $500k into it. I will be occupying about 35% of it and the rest I will be renting out.The bank originally assessed my buildin...
Diane Caballa
How should a HELOC to buy an out-of-state rental?
Hi all,I'm pre-approved for a 122k HELOC for a 30 year fixed rate at 8.5%. Should I take this out to buy an investment property, functioning like an "all cash" purchase or should I use it as a down payment for a more ...
Ray A Delfi
Looking for feed back on lender terms.
A member of one of my REI groups posted this in the group page. Wanted to run it by BP to see if it passes the sniff test. Please all feed back is welcomed and I’m at no means endorsing this lender. I may use them bas...
Paul Jamgotch
Steps for PML / Investor Structure?
Hi All,I had someone PM me and ask for steps to setting up an investor/PML scenario between him and a family member. I decided to put my response up here in case there was some value for someone else. Remember, PMLs ...
Ben Gordon
HELOC Rate & Amount Advice
Need some advice. Getting ready to close on a HELOC and I have a couple of options available....$70,0006.5% (Prime + 1)$64,4005.5% (Prime)These options are based on 80% & 90% LTV. Would you go for more available f...
Jerry K.
Quick look at Palm Beach County FL results with sub account elimination in 2013
I've talked about Palm Beach County being one of the first counties to eliminate the use of multiple sub accounts in their auctions, I speculated that it would be great to level the playing field in terms of ind...
Kristina Heimstaedt
Money for a flip-best way to fund?
Hi Everybody!!Curious on everyone's thoughts here. I'm looking at potentially doing a flip with a partner. Partner is going to purchase the property all cash. I'm going to fund the remodel and manage the project and t...
Stanley Nguyen
Tax on private lending fund
I have been lending funds to a close friend of mine for a rate of 8%. I got a 1099-INT from him to file my tax, which I paid a big portion out of 8% (effectively around 6% after paying the gov). Is there a better wa...