If I max out my HELOC will it mess up my credit score? Please respond with facts and experience, not your estimations or opinion.
Hi All, Can you look at the numbers below. I think the numbers make sense. 6 Flat B Area. Gross annual rental income $68,400Net Operating Income $25,500Cap Rate 6%P&...
I wish this post was under better circumstances, but I hope everyone, and your family and friends are staying safe and healthy.
Phil Ting a California Assemblyman just introduced a new legislative bill in light of Co...
I have 2 rental properties, Texas and Georgia. I sold one in GA in 2018 (which we purchased in 2007) and didn't do 1031 Exch. Now, the depreciation hit me back as gain when doing the tax report. However, I reviewed th...
I just purchased 2 Houston, TX properties and intend to place them in Series LLC's. I was informed by a recommended lawyer that I cannot quitclaim the deed, but that instead Special Warranty Deeds are used. He seeme...
I own this paper and the borrower made a solid offer to start paying $6000 up front and $700/month. He has a 6-figure income and can afford it. Here are the other numbers:MV = $50k and decliningUPB + arrears = $211k...
I'm working on buying my first buy and hold and am trying to figure out the best way to work bank the accounts. I plan on creating a checking and a linked savings account specifically for RE. I was figuring I'd have...
Based on what I've read here on BiggerPockets, it seems that the IRS's 120 day right of redemption period is merely a statutory right that the agency has not/does not actually exercise(d).Would it even help me as a 3r...
I have a duplex with good tenants that I would like to upkeep and was thinking of replacing the original 1980 aluminum windows. Is this the best investment in terms of maintenance or should I be upgrading/repairing so...
Hello, I hope somebody can help me or guide me to find help. I tryed asking accountants but nobody was able to help me.I have a business where i can play with my income and also rental properties.I do like to show nic...