Hi. Trying to get some very fundamental stuff answered and clarified.
example 1:
Homeowner Scott Spivey took out a mortgage for 200 grand and bought a house. He paid 10,000 dollars on it and then lost his job. He ...
If you use hard money for just a portion of a purchase or say the rehab costs would they use the entire property as collateral ? Or in general is there a way of minimizing your collateral to only what would be necessa...
Very new to the real estate investing. We own 2 rental properties and own the house we currently live in. Last year, we only owed back around $100 for taxes. This year, our CPA is telling us we owe $4,000. We’re just ...
TOP TEN EXCUSES (I’VE GOTTEN) FOR NOT MAKING MORTGAGE PAYMENT
10. I thought my ex wife made the payment
9. I already made 12 payments last year
8. I’m thinking of selling the property
7. My dog needed his teeth cl...
My tenant was shaky on rent leading up to the coronavirus, and the subsequent shut down made the situation worse. He's been my tenant for 5 years with good payment history, so I'm willing to work with him, and in ear...
If I sell a property and I still have mortgage left to pay that I took while purchasing the property is it better to pay off that mortgage once at all from the profit i'hv earned after selling or is it better keep pay...
Well, not entirely, but you can shield more of it.
I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.
Let's say you make x a year. You ...
I'm really interested in wholesaling been reading books and doing a lot of searching ,watching videos. I'm a just oil confused about the wholesaling ... Buying low from sellers but my only concern is what if the sell...
Hi Everyone,This will be my first post and I was wondering if all the veterans could help this newbie out. I'm currently reading J Scott's book on flipping homes and I came across a section where it recommends looking...
Cash out refi than Selling: I have a rental property I owe 60k, appraised 220k, I can get 168k cash out and pay off the 60k to have 108k in cash… now if I turn around and sell for 240k. Do I owe taxes on only the diff...