Jeff Fountain
Renters using a credit card to pay rent
Hey guys, I have a potential renter wanting to use a credit card to pay rent. In this case it is a government employee attending a government training camp (FLETC - Brunswick, GA). The government provides the person a...
Brendan Harvey
BRRRR - Double Edged Sword?
Curious about the BRRRR method. For the sake of cash out, the goal would be the highest appraisal possible. But wouldn't a higher appraisal cause higher monthly loan payments which would reduce rental cashflows? This ...
Tim Silvers
Dealer Status and Installment Sales for Mobile Homes
Does anyone know if mobile homes on leased land (no parcel) and
seller-financed would be eligible for installment method reporting since
they are (i) personal not real property, (ii) the notes cannot be
consider...
Vincent Q.
Heloc as down payment then refinance
Hello All,Can anyone give advice on if this is a good way to invest. I have one single family investment property. I am looking to get a Heloc and buy a second investment rental property. Is this a good strategy. Hel...
Vince Nguyen
Cash Out Refi or wait
Hello everyone, First time post here. I wanted to see if it made sense to do a cash-out refi to use the cash to purchase a rental property and purhaps using the BRRRR method. My current rate is 3.85 and now my lend...
Doug F.
Capital Gains on Land Contract Sale
How does capital gains tax work for a land contract sale?
If a property was purchased say at $50,000 and then sold via land contract at $ 90,000, assuming everything simple, and there is a capital gain of $40,000.
...
Lawrence Robertson
Owner Financing
Hello everyone. Could someone please explain owner financing to me. I think I have a basic idea but I need the whole picture. Thanks
Jacob Stahl
Home equity or cash?
What would be a better option for the 20% down payment on a commercial property - using all cash or taking out a home equity loan or partial of each?Using all cash would hurt my reserves, but would be able to cash flo...
Greg Howell
I'm 21, just started a new job and want to buy rental properties
I just graduated college in May and started work at a new job. My fiancé and I were able to buy a foreclosed house in Hanover, PA in April for $135k that needed about $10k-15k worth of work. We bought it with convent...
Joseph King
creative financing
Good evening BP community, so after creative financing brainstorming I think I have an understanding (feel free to correct me ) of how to use the no money down idea. So using this example (made up numbers) lets say I ...