Joe Szymczyk
TAX Time...Deductions needed to get income down
Hello real estate peopleI have a situation where this year i have to pay to the IRS on taxes..Situationmy AGI income is 160k....work In IT for a big corporationi have 9 houses, i maxed out the deductions...repairs, su...
Stephanie Martinson
Underwriting a value-add apartment syndication
Hello all,I think I found a deal! It's a 10 plex value-add apartment. I'm in the process of coming up with an offer price so I have a few things I am hoping that someone may know the answer to...1) I'm including the...
John K.
Seller's financing - ARM, ideas on future interest rate?
Hi,
even though I really didn't want to, in the end I had to accept a condition of the seller to have adjustable rate on the seller's financing. There is a 4 year balloon, so I just hope that the interest rates won't...
Mary M.
Fannie Mae-1 year ownership requirement
Hello Everyone!
I am placing a offer on a Fannie Mae REO, offering a 5 day close and all paying all cash. Has anyone come across the stipulation of investors having to wait 14 days until our offers will be reviewed, ...
Nadiya Lonkevych
Help me make a decision on my first buy and hold
I have been going back and forth trying to decide where to look for our first deal. Narrowed it down to two areas: one with great schools, a very desirable to live Ellicott City, MD, expensive also; and second - immed...
Zach Sikes
Just bought a lot....
I just put a vacant lot under contract, and I'm going to be contracting our next house myself. Any tips for reducing costs or mistakes not to make?
Sungyong Kim
To sell or not to sell my home in paradise
Hello BP!During my time on active duty in the military, I purchased a condo in Oahu, Hawaii using my VA loan. I have now left military service and my new work landed me in Northern Virginia. My condo is currently occu...
Fred Heller
50% rule question
When estimating operating expenses using the 50% rule, do you include property taxes and insurance as part of the 50%? Or do you consider that part of the mortgage payment?50% seems kind of high to me without the taxe...
Aaron Junck
Would you?
Would you be willing to sell a property on a wrap to a tenant ? The tenant wants the property and cannot qualify due to a bankruptcy from a pervious marriage 2 years ago. However, the tenant has a great paying job and...
Leland F.
DIY landlording first-timer in Washington, DC ...covering my bases
I purchased a small studio condo in DC a couple miles away from downtown and a 5 minute walk from a popular metro line.It has been my primary residence, but I'll soon be moving out and I'd like to make it my first ren...