Joe Xie
Should I pay all cash or take an expensive loan?
I am buying a rental property as Tenancy in Common (TIC) at Bay Area and getting a 250K Fractional TIC loan. The close cost of the loan is close to $6500 including everything which is look high to me and the rate is 4...
Andrew Briones
Cash Back Credit Cards
Any suggestions on a "Cash back credit card?" If you recommend using one or if you know of one with a great rate.
David Neely
Line of Credit vs. Conventional Mortgage
Hello BP,I'm negotiating on a quad right now. The company I invest in the stock market with offered me a LOC utilizing my portfolio as backing with a 2.5% variable rate, no fees. They told me that while the interest i...
Tyler Melso
Deducting new appliances - Owner occupied duplex
This is my first year filing taxes as a home owner since my wife and I bought our first duplex in 2018. We owner occupy one of the units and rent out the other. I've been reading a lot about how to deduct all of our e...
Douglas Stewart
Depreciation Schedule Expiring
My father in law owns a 176 unit building in Los Angeles. It was built in 1991 meaning the depreciation schedule is beginning to expire. He is worried about losing the tax benefits. How big of a concern is this? W...
Kevin Torrence
House vandalized day before closing. Earnest money?
Met with my realtor today to do a final walk thru before closing on a fannie mae foreclosure tomorrow. To our dismay, house has been vandalized with spray paint of gang signs on the interior walls and the back door ki...
Alan Langer
Creative deal making..
Hey Fellow RE Investors,
First of all I want to thank all the pro's on this forum evaluating and commenting/ advising on certain deal situations! Thank you, all your constructive comments, they are very helpful!
Now...
Andrey Y.
Would you contribute to a 401k or TSP without employer matching?
This question is for military and non-military. I have recently started a traditional 401k with a small chunk of my W-2 income contributing. I am active duty military, so there won't be an employer match. I (most like...
Rik Hunter
Depreciation, some questions
The backstory is that I bought a duplex in 2014, and I've taken depreciation on something at some point in some way in TurboTax, lol. This year I did lots of rehab, mostly interior, and I've been trying to be much bet...
Demetrius Ward
Easing into investing
Investment Info:
Single-family residence other investment.
Purchase price: $1,760,000
primary purchase with the intent to complete a live n flip or live n rent. Home values in the neighborhood are still...