Hi,I'm very new to Real estate and I'm thinking about buying a condo here in Chicago. I'm quite aware most lenders won't finance an investment property unless I give a 20 % down payment. I want to give a 5-10 % down p...

I just entered into contract to sell my investment property that I purchased on June 2, 2015. The profit is in gross terms $240k, but with write offs, commissions and transfer taxes, I think I can reduce the capital ...

Refinancing loans with a focus on Debt Service Coverage Ratio (DSCR) can be a strategic decision for businesses. Here are some situations when refinancing might be considered:
1. Improved DSCR: If a company’s DSCR ha...

Hello,I have a question about Dodd Frank and the application of a prepayment penalty.I’m selling a condo for 305k.Buyer is:
Putting putting 30k down;Getting 130k mortgage with bank and;I'm dong seller financing for ...

Hello All, Any strategies on how to approach making additional payments towards rental property mortgage? Monthly extra payments?Lump sum payments once a year?Start a high yield savings account, CD, money market and u...

Who do you issue 1099s to? I have flipped a few houses this year and want to make sure to do everything right from a tax perspective. I know I saw where you should issue one for anyone paid over $600, but in that case...

I am exploring buying a rental property with a private loan from my parents.  They have a chunk of money from the sale of a business and need to invest it, but don't like the stock market and don't want to be landlord...

Seller has a tenant in property 3 or 4 years. Tax bill in public records indicates seller is improperly taking owner occupied homested exemption. What potential liabilities if any does a potential buyer have for count...

401kHow can I go about finding the % penalty for taking money from 401k for real estate investment?

Hello fellow investors,
I find myself in a complex situation and would greatly appreciate your expert advice and insights on how to proceed. Here's the issue:
I recently hired a licensed contractor to work on a proj...