William Hull
Mortgage apps for new home purchases jump to record high
There is some good news for home buyers and sellers alike. According to the Mortgage Bankers Association, mortgage applications have seen a pretty significant uptick. This is especially important when you consider the...
Ryan Billingsley
Old School Model
Growing up like most people, I was taught to get good grades, get a good job, and work 40+ hours a week for 40+ years so one day I could have enough money to pay myself passive income and retire. When I was young, wo...
Lynnette Kieti
Need funding to close on a property - Private Funding
I need $70K to close on a property purchase rather this week Does anyone know if Private Money Goldmine is legit. Thinking of signing up. Other good suggestions?
Ricardo Mejia
First property, an offer I couldn't refuse
Investment Info:
Other buy & hold investment in Valley Village.
Purchase price: $12,000
Sale price: $25,000
Plot of land in Ocala designated for mobile homes.
What made you interested in...
Brendan Simpkins
Taxes for Rent by the Room House Hack (Can I take a PAL?)
Hi All,I purchased my first house hack last May. It's a 3BR house and I rent out the 2 spare bedrooms. I understand for tax purposes that I can only take two-thirds of the expenses related to the house to offset the r...
Jacob Calbillo
Partnership payment question
I will hopefully be doing my first multifamily deal soon and am going to partner with someone I trust. He has the cash and I am bringing the deal. When we talked about potential profit splits, he said he could 1099 me...
Allan Smith
High Lumber Prices: What alternatives are there to build a house?
Why aren't builders trying other materials instead of stick-built homes? I just paid $72k for a lumber package on 4 1250 SF townhomes that would have cost less than half that a year ago. Almost every major metro area ...
Jillian Ez
When to form Corp or LLC for my short-term rentals
Hi!I own one property that I live in and Airbnb when I travel over the summer. I also have 2 rentals units that I Airbnb. When is it time for me to incorporate? All three properties are in Los Angeles. I’m thinking ab...
Account Closed
Catastrophic loss in homeownership
I find it amazing that only 2.1% change in home ownership was this catastrophic. And, of course, it could never happen again. LolHome ownership has never been 100% in the United States. Many people think that the vast...
Susan Mhone
Lease option Help in Philadelphia area
Hello! I need help with analyzing this potential lease option:
Condo in Wynnefield section of Philadelphia. Owner is not motivated enough to take a cash offer of less than a $100k
Asking: $120K (market value $126K)...