Karen Seale
How to calculate 1031 Boot Taxes
Hello everyone,We have been searching the posts here on BP and still haven't really found a specific answer to our question. How do you calculate tax on a 1031 Boot? Here's our situation: We sold one property and...
Jonathan St.Leger
Writing off interest paid on refi loan above original investment
Let’s say you have a property paid in full with a original cost basis of $1.2M and it is worth $2.2M and would like to do cash out financing at 70% LTV which would be $1.54M which leaves an amount of $340,000 above or...
Matthew Peterson
Auction.com listing
I have three cash offers out now on REO and am waiting for 1 auction to hopefully come live pretty soon. There is an auction currently on auction.com though that I'd like to get some input on. My wife is wanting my ag...
Mike Miller
Why are Cash Offers Significantly Better than Lending offers?
I get the general idea of why a cash offer is better, it's quicker, more secure, probably won't fall through in escrow, can display POF.But other than that, if you are underwritten and already approved for a loan amou...
Aaron Huckels
Cash out Refi, what’s minimum time frame to be allowed to do so?
Hello, I currently have my own home with a mortgage and am looking to get into rentals. Would you recommend doing a cash out refi on your personal home or not? And if so is there a minimum time frame for having to own...
Cillian Kelly
What purchase price are you targeting for your next property purchase?
Do you purchase properties as a function of your savings and affordability or do you target specific purchase price?
Derek Hacker
Rental Property - Paying more towards principal each month?
Hi Everyone,Looking for some advice on my first rental property. Property details:Loan Amount - $324,000Rent - $2900/MonthRevenue/yr after PITI - $7570The current mortgage amount is $1466 and I am paying an extra $24...
Account Closed
being charged 5.125% mortgage rate for credit score of 845.
Hello,
I am buying my first out of state investment property in PA.
3/1.5 SFH.
Purchase Price is 110k , needs a new roof, some TLC. Planning for 20 % down.
Similar fixed up properties there are going for 150-1...
Peter Lim
Acquisition Troubleshooting For Sale by Owner Properties
Hi BP Family, what happens to the amount a Seller owes on his mortgage?a) Buyer must pay off the loan before acquiring the property? b) Bank allows Buyer to take over the mortgage?For example:After repairs Value = $15...
Valerie Menke
Check or Cash for Return of Security Deposit & "Cash for Keys"
I bought a property with long term tenants in place and offered them 'cash for keys'. The security deposit they paid 20 years ago was transferred to us during escrow so I was planning on giving them two different chec...