Tarcizio Goncalves
Stessa vs the competition
Hi everyone,
So I just purchased 2 properties and it is part of a portfolio loan. Its 2 properties in 1 single loan. I use Stessa only for the tracking feature (transactions). I have no need for the rent collection ...
Chris F.
Bought a bobcat for snow removal. Can I depreciate?
Title says it all. I got a bobcat with a deal. Can I depreciate it against the LLC holding the property or against the property itself?
David Williams
Capital gains question
If I owe $350k mortgage and I take out $100,000 HELOC and spend it on say a 6 month CD,
And then I sell the house for $700k
I would only have $250k profit right? Then I’d avoid capital gains tax in Massachusetts?
John Yu
Keep security deposit due to early termination
I have a renter that broke the lease and moved out early. In the lease agreement they signed says "Security Deposit will be not be refunded to the TENANT and will be used as a penalty for early termination of the Leas...
Leah Ramsey
Thoughts on my start into realestate?
Hello BP community!
I absolutely love reading and learning about realestate. Last, 2-3 years it’s the only thing I read. Every book and podcast has been checked off.
I am finally ready to dive into it, slowly…
I be...
Adam Aschoff
Should I take out 401k to use in real estate?
With now being able to take out money penalty free from a 401k and where the market is currently, would taking the money out now and saving it for investing in real estate be a smarter move long term? Especially with ...
Rene Fernandez
Bank Reinstates Discharge Past Due Amount / Loan Modification
Hello,We are trying to refinance however, lenders are asking that we request a payoff or subordination of a lien held by HUD. We would like to know if you would recommend that we challenge the lien based on the follow...
Elad Messing
HELOC for investing-limit lower than expected. Continue looking ?
Hi all HELOC experts :)We are in the process of getting a HELOC for our primary, to be used as cash-equivalent to fund investments. After shopping, we opted for one bank however they just came back to us with the prop...
Brie Schmidt
HELOC payoff strategy
Twice recently people have told me of this new strategy to use a HELOC to pay off your mortgage faster. You essentially take out a HELOC to pay off your first lien, and then use that account to direct deposit your pa...
P. Martin
Owner Occupied Condo. Mid 600s scores. 1099 contractor
I'd like to purchase a condo to use as my primary residence for ~80k. Last year I had a w2 job, but am now working as a 1099 contractor. Credit is mid 600s depending on where I am looking. Suggestions on how I could ...