James Burciaga
Looking to cash out Equity from rental property.
Hello All, I'm in Texas and I'm looking to pull some equity out of a rental property. What type of loan should I be looking at?Home value $285k, rents for $3,000/mo. No mortgage on the property. Looking for $175k- ...
Marc McKinley
401K loan versus investing in QRP/solo 401
Hey BP nation! Quick question as I wanted to see what everyone thought about these two choices.Would you…1.) Invest $100,000 worth of funds within your QRP/Solo 401k directly into real estate or private real estate de...
Jesse Goswick
annuity to brokerage transfer
Good morning everyone! I have a question in regard to transferring funds from an annuity account into my brokerage account. I am getting started looking at investment properties and I was thinking about transferring t...
Dan Olin
Buying Property Pre-Foreclosure Stage
Being new at this, I have a question regarding the process of buying a house from a seller who is in the Pre-Foreclosure stage. Once I have a property under contract from a seller, and have the buyer. Buyer aside for ...
Brad James
County tax auctions - are there any catches?
I have attended a few tax auctions locally. A BUNCH of properties. Terms of the auction are I believe 500 cash and write a check for the balance the day of the auction. Now I am not going to go pull loan money not...
Mehran K.
Is Investment Property Principal Paydown Considered taxable income?
Hi all,
At my family party yesterday I had a chat with my uncle who owns an apartment building and is very successful in other businesses. He told me that any principal paydown on an investment property is considered...
Ed S.
Tax and Single-Member Business Entity Questions
I've seen a lot of excellent threads on the site about business formation and taxes. I was hesitant to post on them because most of the recommendations say, "it depends on the particular situation."I am posting the fo...
Anthony Hidalgo
Hard Money Lender Requirements : New Jersey and New York
Hello BP Community,I was wondering who has experience with using hard money lenders, in the tristate area, and what have their requirements been . Some ask for a specific amount liquid assets in order for you to pr...
Elliot Lamson
AirBnB/Short-term rental Taxes.....
Trying to put together some numbers. Lets say i bought a condo under an LLC for short-term rental purposes. and on avg it was making 1k profit pre month after all the expenses (mortgage,taxes/insurance internet utilit...
Matt B.
Delaware Closing Costs
Hi All - Today I'm in Delaware looking at properties. We are looking all over northern DE (ie Wilmington, Newark, Claymont etc). I was looking at homes as high as $70k. When asked, the RE agent told me closing costs a...