Sanghamitra S.
1031 to payoff mortgage?
Hi,I have a condo that has been a rental property for a few years that I am getting ready to sell in the next couple of months.I also own a piece of land on which we are currently paying a mortgage. We may build on t...
Rahim A.
Is interest on a HELOC tax deductible?
Hello BP,If I take a HELOC on my personal residence, can the interest on this loan be tax deducted? The funds from the HELOC will be used to purchase additional investment properties.Thanks
Andy Pillinger
Opportunity Zones / Capital Gains
Hi All.!Less than a year ago did a 1031 and bought a new build duplex for 305K that i now realized is in an O.Z. This year i am going to have a large capital tax bill to pay in the region of 100K. Does anyone know en...
Grace Thorstad
First Investment - SFR
Investment Info:
Single-family residence buy & hold investment in Nashville.
Purchase price: $295,000
First purchase; originally intended to be owner-occupied but ended up changing plans to stay in C...
Logan Knight
How are you structuring private money for buy and holds
I have been flipping and investing for 6.5 years as a side hustle. Been able to do well flipping 2-3 homes a year in the Boise market, but flipping right now and the returns I'm projecting have me worried. In the curr...
Kaylee Walterbach
Is HELOC interest a deductible expense?
Hey! I used a HELOC for property expenses. Is the interest on that HELOC a deductible expense against that property's income?
Michael Kennedy
Reselling a Wholesale Property After Rehab
I'm interested to hear some opinions on this, as I have browsed the forum and couldn't find a specifically related past discussion. I recently purchased a property wholesale which I am rehabbing. The seller did a doub...
Brian Gibbons
CFPB and Credit Repair - Beware!
Below is today's CFPBs Bulletin on Credit Repair Companies (Fraud)I have assisted Tenant Buyers get mortgages with damaged credit and high DTI since 1986.If you are recommending some credit repair companies to tenant ...
Beth Johnston
Acquisition Cost RE VA Loan
As a Fix and Flip Investor, we were happy with the waiver on the FHA 90-day Flip Rule. Unfortunately now we are up against government control in regard to cost of acquisition and profit margin with a VA Loan. We hav...
Account Closed
1 % Rule Help Please
I’m trying to figure out because I’m second guessing myself and over analyzing things. When it comes to the 1% rule do I run my numbers off the purchase price or what I own in the mortgage? For example. I purchase a p...