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I need help with a big decision. I’m currently under contract (but haven’t put any $ down) on a property in a great location in Playa del Carmen Mexico. It’s $330k plus $20k in closing costs. Cash deal. Rents for arou...
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First off, I know I should contact my CPA, but I'm trying educate myself on this matter so I can ask the right questions.
I will try to keep it simple.
"My share" of the deal is as follows:
I have a $1,000,000 Option...
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I bought a shor-sale house and the agreement is that not to sell it for more than 120% value from day 30 to day 90. I plan to complete the renovation within 60 day, and sell it after 90 days with more than 120% value ...
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Hi all,
I have a conundrum and trying to figure out what to do, so figured I'd throw it up on BP and see if anyone else had any thoughts :)
I own 4 single family homes in Kokomo, IN. They were all purchased with a ...
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I have been receiving some calls recently from owners who would like to sell their homes, but owe more than their houses are worth. Is there any strategy to help these people and make a profit at the same time? Would...
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I imagine this question has been asked already but search doesn't allow me to just search this forum so I'm coming up dry on answers. SO, I'll potentially ask again.How do you guys handle stays longer than 30 days? I ...
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Hi BP,I've done nothing but long-term rentals up until this point, but with everything going on, I'm wondering if this is all increasing the need for traveling medical professionals?Do any of you specifically rent to ...
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I am in the process of borrowing money from a family member for some remodeling. My accountant will be tracking payments, interest and principle paydown for us. For the actual contract, short of going to an attorney...
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Hi All,
Buying investment property in Puerto Rico whether long-term or short-term rentals, is a great move. The island has some amazing tax breaks for real estate investors via their Act 60 formerly Act 20/22 tax law...
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In the course of searching for buy and hold rentals, I have been offered several properties that are currently under existing Land Contracts which leads to a couple of questions for the experts here.
First, what are...