Ethan White
TAXES ON PASSIVE INCOME??
Hello everyone, this is my first topic post and my question is i have bought a doublewide in a park for $800/mth mortgage "includes rent space" and am renting it out for that. Owners insurance is still covering it. It...
Pat A
How is mortgage affecting wholesale deal?
For a wholesale deal, I read somewhere that one of the question to ask the seller is "How many years left in mortgage?". My question is why ask. How is it affecting a wholesale deal???
Does that mean my offer shouldn'...
Daniel Burrows
HELOC on primary residence to finance first purchase. Thoughts?
I’m considering taking out a HELOC on my primary residence to purchase my very first rental property. My house is completely paid off and I have $40,000 set aside for a down payment. My agent highly recommended taking...
Peter Morgan
velocity Banking - Replacing half of your mortgage
Hello,Lately I got intrigued by the velocity banking videos on the YouTube and interested to hear if anyone had major success with this strategy. I got particularly interested with the strategy of replacing your entir...
Jared Comeau
Appreciation tax break on rental properties
Good morning BPI have a question this morning. I'm hopinganyone knows how the tax break works in the US for the annual depreciation on a rental property works.How long does the depreciation tax break last on the prop...
Lyle Quillin
Help with financing strategy
Our goal is to develop a financial strategy for moving forward on purchasing investments this upcoming year. I think I have a decent plan of attack despite a recent setback, but would love to hear what advice the BP ...
Shakir Evans
New Real Estate Agent
Hi,I am a new real estate agent in the Salem area. What I would like to know is how are people getting their names out there? I have a few ideas that I am in the process of using but I am interested to hear what other...
Justin Cooke
Double Declining Balance Depreciation on New Construction
Tax experts please help...I'm reading the book, Principles of Real Estate Syndication by Samuel Freshman.From book "There are certain tax advantages allowable with respect to new construction of residential income pro...
Anthony Damato
Sell or rent a single family
Hi guys, just had quick question on whether you would dump a single family house that has about $120 to $150k in equity to fund a multi or a (multi) multi purchase. Or rent out the single family. Current rents of simi...
Nicole Fay
BRRR with a Self Rental
Investment Info:
Single-family residence buy & hold investment in Palmyra.
Purchase price: $140,000
Cash invested: $40,000
Sale price: $335,000
My husband and I took a property under contract...