Daniel E.
Owe taxes on bankruptcy payments received?
Hello,I own one non-performing note. Chapter 11 plan was approved in early 2020. Do I need to report this income? Will I owe taxes?UPB: $50kLegal: $85k2020 Pmts: $15k*LLC costs related to note (force-placed insurance,...
AJ Wong
Interest only loans are the new black for investing in STR vacation rentals
From 2003-2009 I was 20 years old and had my first real job and taste of Real Estate for a mortgage company at HomeBridge Mortgage Bankers in south Florida.It was a crazy market and a crazier place to work, but I lear...
Matthew W.
How do I calculate ROI on a rental on something I bought over 20 years ago?
Every calculator has stuff that seems irrelevant or is not true to the situation. My purchase price was over 20 years ago, I do not remember closing costs, have refinanced twice at least and I have been renting it fo...
Cosmo Iannopollo
Should I look to refinance?
Let me start by saying that I'll have owned this home for 2 years in December, so this may be a little early to be discussing this. Just trying to get a sense for what I should do when the time is right. I purchased a...
Tim Ivory
Assigning Lease Options - License or is Being a Principle Enough?
I need your help with something and I’m having a hard time finding help at the local level. Some people say it’s legal, some say it’s not, some have ideas on how to make it legal, which I’ll love to here and will addr...
Miguel Ortega
FHA Loan on Small Multifamily
I would like to househack in a small multifamily home using an FHA Loan as my first investment property but can't due to already owning a primary residence. My dad however, is qualified for an FHA Loan. Can l use his ...
Haseeb Awan
Paying off mortgage quickly vs cash flow for salaried people ?
Hello, While majority of the people on BP are always championing cash flow, I beg to differ the strategy while thinking long term. I am curious on what other people think of it. Currently I am taxed at 35% of my incom...
Bobby Paquette
The Shred Method, who is doing it?
Just recently heard about the shred method from someone who is doing it, is anyone else doing it?? What are your thoughts?
Joseph Agins
Prepayment penalties on DSCR loans for paying extra?
Loan Commitment states: "There is a prepayment penalty of 1% on the loan for any partial or full principal reduction payments made before the end of the fifth year. After the fifth year the loan can be paid off with n...
Randy Marshall
Should or how can I use my 401K for my first deal?
I've currently got a 401k with my full time employer (also part time RE agent). About 2 years ago I decided to change my allocations to Roth 401k. However, 8 years of automatic enrollment had me in the pre-tax plan an...