Mike McKinzie
Is a License Required?
I was going to combine several loans through one mortgage refinance on the current house I reside in. I was going to get the financing from my uncle as it would save me many costs. But he just told me that he found ...
Tyler Blackwell
Family member wants to bequeath house...easier to be on title?
Hey all,Let's consider a scenario: An older family member is moving to town and buying a house. This person will put a significant portion (50%) down, so there will be plenty of equity in the property. This family mem...
Nick Deshotels
Dodd-Frank Impact on "Seller Financing" for Buyers
BP Nation,From what I understand, the Dodd-Frank Act mainly effects the seller when it comes to a "seller financed" deal. Are there any impacts on the buyer? I will be targeting "100% seller financed" deals this year ...
Account Closed
Bank stated that HELOC CAN NOT BE USED AS DOWN PAYMENT
I have heard so much about people successfully using HELOC as a down payment for investment property. Decided to do the same. We owe 95K on our primary residence, wich is valued around 200k. Went to the bank today, th...
Socrates Jean-Baptiste
2 family to 3 family conversion Haverhill ma
Hey everyone,
i made a deal on a great 2 family home in the bradford area of haverhill, one 2 bedroom unit and the other unit is also 2 bedrooms but has a second level which has 4 bedrooms of its own, currently i ...
Carl Fischer
Last minute tax moves for new bill
Quick take on new tax bill-if possible defer income to 2018. Pay deductions in 2017. My first move!Lower tax brackets in 2018- less deductions available in 2018 compared to 2017. Example: Florida allows you to pay pro...
Tera Jonnes
Tax Lien- Deceased Owner but Family wants Home Back
Hello, I recently paid the taxes on a home. The property was a tax lien. The owner of the home is deceased. I haven’t heard anything about anyone wanting to pay the taxes so I’ve started fixing up the property. Recent...
Blaine Alger
How to determine if a certain neighborhood is worth investing in?
When I was home for spring break, I started to do some research on a house down the street from me that has been vacant for a couple years. There is some work to be done, but it looks like it would be a perfect little...
Rob K.
Insurance for Property Held in an IRA
I am interested in how others are handling insurance for rental property held in an IRA.Do you name your custodian as primary insured with yourself in some form (I.E., Name of IRA Holder) as an additional insured, vis...
Bryan Hancock
Excess Loans Over Basis Tax Treatment For Wrap Sales
Okay...So I have been studying this problem for years since I started doing sub-to purchases/wrap sales and it gets more confusing every time I look at it. I was hoping one of the tax wizards on the board could expla...