Jim Ballatin
How do I use my Roth account to invest in real estate?
Do I need an attorney to make the withdrawal from a Roth account through Fidelity?
David Czech
Should I be doing something with reserve cash I get from rent?
This might also be a bit of a personal finance question as well but wanted advice. Is there a set amount I should have in reserves to feel comfortable in case something catastrophic happens? I'm a bit paranoid so righ...
This assistant principal slowly and steadily used home equity to invest, helping him acquire seven properties in just over ten years. These properties have now seen sizable appreciation, and he has hundreds of thousan...
Brandon Craig
Tax implications for owner financing
Hi all. I was wondering if someone could explain the tax implications for both sides of an owner financing deal for a rental property? I am just starting to research this financing strategy and I'm wondering how muc...
John Wesbrook
Best lenders for rental property?
Hi guys,I'm currently aggressively saving for a down payment with the goal of getting into the student rental market. Once I get my first property, my goal would obviously be to maximize cash flow. In that regard, I'v...
Timothy Rogers
Do you pay taxes on a shortsale?
Hello,
My wife's co-worker has a home in Savannah, Georgia that is upside down. She owes 45K, but property is worth less. She lives in Dallas and was renting the property out. The tenants moved out and squatters move...
Sam Erickson
Monthly Principle payment added to bottom line?
Hi Everyone,
I have a question in regards to getting to my true profit from a flip. Below is the example and question.
Say I'm flipping a house and my monthly P&I is $500. With $75 of that being Pr...
John Newsom
Note business accounting question
First year in note investing and looking forward to end of year accounting. I trying to find a CPA, preferably, in Gainesville, FL area and trying to have some screening questions to ask them.Background: l purchase...
Furquan Ahmed
Please clarify my doubt
Please clarify my doubt. When we are borrowing money from the bank to buy multiple family appartments. Why are we not paying the principal portion of the loan. Or even if we are taking interest only loan, at some poin...
Patricia Chang
Calculations on ROI
When you're calculating ROI for cash on cash return, do you take out the principal of the mortgage to calculate interest only, or the entire mortgage payment?