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I had bought a four unit apartment in 2016, and I used an LLC to do it. Beings as I was trying to do that, I had to get a commercial mortgage for the property. It is a 20 year term loan at 5% with reassessments every ...
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Let's say I have 500k down payment and borrow 500k, and the monthly mortgage payment is 5800, and out of that, 4800 is mortgage interest, and I pay 2500 annually for insurance and 10000 for property tax, could anyone ...
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I'm a realtor who is currently finishing my first fix and flip with a business partner through our LLC that we formed from each of our individual Corporations. I've been pouring through articles on this topic, but am ...
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Hello BiggerPockets community,
As a first-time homeowner in Florida, I've encountered some unique challenges, including the need to pay for an insurance policy upfront for a year in escrow due to the home's initial c...
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so i have read this on many websites that your property should be cash flow positive..now lets say i buy a house for 250k,i put 20% down and take mortgage loan on the other 80%.My monthly rent would be about 1800$ but...
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I know these are basic questions but I am looking for some guidance on how to make an offer as a real estate sales person including a seller's commission for a property I want to purchase for myself. Do I use the sam...
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Hello,
I am looking to house hack in Central Connecticut. I have a family member that is willing to do lend me at 3% (huge blessing for sure) if it is my primary residence. Family member's one condition is that I put...
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Hello everyone, I have a question in what sort of activities that can qualify me as a real estate professional.
I have a few rental properties and my rental income is my only income. I only spend about 2-3 hours p...
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Anyone use these before? Basically they purport to lobby to reduce the value of your home and save you taxes. You then pay them a % of the reduction. Here's an example. http://resolutepropertytax.com/residential/Tota...
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Hello,Wanted advice from BP. I am a big reader over at various 'retire early' sites (Money Mustache, etc.), and have a decently high savings rate after tax. I am trying to maximize my tax savings through real estate...