Terry N.
Reporting Rental Income
Dumb question...I'm a newbie, please forgive...If I get 1100 a month in rent but I pay 900 in mortgage payments. Do I report my rental income as 2400 a year? or 13,200?
Jonathan Decoster
Terms for Borrowing Down Payment from a Friend
Looking into buying a small multi-family unit here in Cleveland or Columbus. I will need to borrow the down payment. If you have experience in doing this how did yall pay back the loan? Interest only payments and pro...
Douglas Whetham
First small business loan questions
We have a warehouse that needs a few repairs. We own the building and property in full, and is appraised for $350,000. The property has been rented continually for 10 years, current rent is $1000 per month with $400 N...
Brad Woods
First Time Home Buying after Chapter 13 Discharge.
I just got out of chapter 13, Made all my payments in full to satisfy the courts. Now I am wanting to purchase our first primary home so we can quit paying rent. I have gotten so many conflicting answers on whether o...
Jeremy Paschedag
BRRRR Logic Verification
Can you tell me if I'm understanding BRRRR?I have a SFR that I have had for 4 years with a 15yr mortgage with a tenant that I bought for 100k. Some reno's have been done. Payoff is 60k. If I cashout refi for at 80%...
Brad Kanouse
IRA funds as down payment
Hello. Is there a way to utilize part of my Traditional IRA funds as a down payment on a SFH investment property without being penalized?
JD Martin
Tax implications for seller financing to my current tenant
Good afternoon all!
One of my tenants that I've had for several years is interested in purchasing the home that he's currently living in (he's rented two different homes from me). They've been good tenants but don't ...
Tom Server
borrow from 401k or pay with saving accounts.. help with your suggestions
Hello, So, I'm looking to pick your brains for a bit. I'm about to purchase an investment property. I need to put down 60k for my down payment. I'm trying to decide what is the best strategy.Not sure which route to go...
Darina Pogodina
Business Line of Credit vs. Term Loan
Hello BP Family.I have one year old LLC and my company made less then 10K in 2016. I really need to obtain finance to make another purchase. When I ask my bank about business loan they advised to be more specific: "A ...
James Pignataro
Cash out Refi. vs. Line of Credit
I am trying to decide on the best way to leverage the equity that I have in my two family home. The two options are cash out refinance and commercial line of credit. The cash out refinance will be more expense to co...