Matthew Grebeta
What would you do in this situation?
My home is financed at 185k I have about 48k in other debt that we Really want to get off our backs (our debt payments are great than our mortgage payment!) and our house would sell for 300k. Should I sell and after a...
Travis Billings
Pay off debt first before investing?
Hello BP!!
This is my first post. I've become interested in real estate after talking with a friend about how to get more cash flow. I've been reading many posts and listening to podcasts daily on BP. My goal is to ...
Kenny Tran
Need some tips on a 1031 exchange
2 questions:1. Does your 1031 exchange have to cover the whole down payment of a property? For example if my profit from a sale is 50k but I need 100k for a down payment for the next property can I bring in the remain...
Paul C.
Books you would Live / Die by..?
Books can never replace experience, but are there any you can highly recommend?
Thanks!
Gerardo Villarreal
How would you finance this deal?
Hi everyone,I've got a property that I'm currently fixing up for a flip in Chicago - Avondale area. I bought the property with a conventional mortgage loan and recently began the renovations, financing them with my pe...
Kate Christenbury
Deduct mortgage interest on vacation home
If I do a cash-out refi on my primary home, and use the money to pay cash for a vacation home, can I deduct the entire mortgage interest? Or can I only deduct the amount that I owe on my primary home? It seems odd tha...
Dan Rudolph
Need to File State Tax Returns?
When it comes to crowdfunding, I have heard it suggested that I may have to file a state tax return in every state where I "earn income". Does this mean that if I invest through a crowdfunding platform and purchase p...
Paul G.
Primary Refinance or HELOC
So,I'm going down a path and wanted to see if others agree with what I intend to do, or maybe have a better solution that I haven't thought of.My goal is to lower my monthly outflow of cash and drop some of my high in...
Dwayne Moore
Cash-Out or Refi Inherited Home I'm Now Renting
Hello Community,This my first time posting and I need a bit of advice. I inherited a Townhome located in Chicago, Il and I decided to rent it out, which I currently have a tenant. It's mortgage free and I am trying to...
Tim K.
USAA Career Starter Loan
Hey all, I was just wondering if anyone has ever used or has any thoughts on the USAA Career Starter Loan for a down payment on a property? $25,000 @ 2.99% paid back over 5 years = 471 per month, seems like a decent r...