Steve S.
Tax question on rental income
I'm trying to get a better understanding of how much of my rental profit I may be able to keep. If my AGI is $150,000 and my rental profit is $24,000 for the year, after paying the PITI and expenses, in a rough estim...
David White
Advice on 401k
I have 22 stock options when it comes to election contributions through my 401 K? I don't know anything about stocks. What factors should I look for when it comes to which stocks I should contribute to?
Troy D.
Open House / Rental Application Questions
I'm getting close to having my first open house and had a few questions around Rental Applications and Deposit to hold.Do you make each adult fill out an application? How much do you charge for a rental application? D...
Armand R.
High Closing Cost on my First Deal - need advice!
Hi all!
I just completed my first deal in Illinois and I am looking for feedback on the closing costs. Here's some information about the deal:
Purchase price: $105,000Renovation cost: $27,500ARV appraised: $140,000R...
Steve Maye
Need advice for financing purchase
Hello,Recently I posted a topic about purchasing my next rental property. I had considered paying it off in full rather than any financing, but I received a lot of advice showing that having some debt was a good thin...
Mian Rizwan
Noncollateral loan - too good to be true ?
Came across a non collateral loan offer ( work as a physician and got a letter from a firm offering 50 K -200k for personal / professional use). Was Offerred rates of 5-6.5% after few phone calls, with early return pe...
Kenneth Wiley
for all professional mortgage brokers
do you know any mortgage brokers that charge 600 to 1200 basis points for a single FHA mortgage program
and works for a company that originates 400+ mortgages consistently for 2-3 years straight
what is the net exp...
BJ Marshall
Which Closing Costs Can I Contest / Reduce?
Can someone help me figure out which closing cost fees I can reduce or eliminate? Here are all the fees I'm seeing:Loan Discount Fee - Seriously, *I* have to pay money to get a *DISCOUNT*? What kind of discount is tha...
Mike Corrill
I'm clueless, and have weird needs.
Hi, everybody.I have no idea how to go about this. I'm thinking of buying some cheap property that meets a few specific requirments. I don't really care about the location or even the value. I guess my question is: Ho...
Jason Keating
Closing costs $9305 on a 108000 cash out!!
This seems excessive to me. Cash out is at a small local credit union. They said this is what they account for and anticipate so it may change. What are your thoughts? What can I negotiate down? Rate is 4% on a 30 y...