Steve Quarles
Refinancing former Primary Residence now a rental
Hi all, new here. I started as a reluctant landlord when I was unable to sell a house after purchasing another house in May 2020. I am now generating about $1,200 cash flow monthly. My current mortgage is a 30 year...
Julio Gonzalez
Example of Cost Seg Study on Self Storage Facility
Without a Cost Segregation Study, this $8.2 Million Self Storage in Stuart, Florida purchased in 2021 would have generated first-year depreciation of approximately $210,200. By applying a Cost Segregation Study, the p...
Hannah Mitchell
Now What?? Refinance? Sell? Cash out? HELOC?
I own two single family homes via conventional financing. One is cash flowing $560/mo. The second home I live in, but renovated the basement to be a rental which cash flows $300/mo. My renovations actually added appro...
Adam Fischer
Whole neighborhood is rentals?
Hi everyone! I'm looking in my markets and happen to come across a duplex that sits in a neighborhood that is completely small multis (duplex, triplex, and quads). We are talking an entire community of approximately...
Hal Thompson
Negotiating with Distressed Property Owner
Hi Backpagers-I am currently in the process of trying to buy a distressed SFR from the wife of the deceased owner. The property is in pretty bad shape, and will need a lot of work. There is a first mortgage for approx...
Julio Gonzalez
Cost Segregation Study on California Winery
If a Cost Segregation Study had not been performed on this $7,100,000 winery located in Napa Valley, California, it would have had first year depreciation of approximately $182,000. Thanks to the Cost Segregation St...
Crystal Molina
Newbie needing advice...
I have a situation where I just found out my sister-in-law and her husband will be being foreclosed on the 22nd of this month. She was asking my advice about what their options may be. They're in the middle of a div...
Account Closed
Buyout co-owner with a cash out refi House hack primary/rental.
What are your thoughts on this? If 2 co-owners own a property with no current mortgage and approximately 218k market value currently, and if one were to cash out refi with a private lender at approximately 97.5k (ar...
Elvin Pena
Trying to get a loan with one year self employed !!
Is there a way to get a loan with one year self employed ????
William Fritsche
Looking at a deal and how much to spend
So let me see if I have an understanding of how to look for a deal.So I find a property and have it appraised/inspected and the Approximate Retail Value of the property is $380,000. It needs $20,000 in repairs but ha...