Hi,
I currently own a house in northern NJ that I plan to rent within the next month. I want to rent my current home and get a mortgage to buy an investment property in a near by town. I currently have no debt beside...
HI BP! Does anyone know how a bank's appraiser concludes cap rate in deciding property valuation? My NOI/purchase price puts cap rate at double(!) the market cap. Will a bank use the lower market cap rate to appraise,...
I just started a new job and am in the process of setting up my retirement. My new employer offers a 401k and they match 233% up to 3% of my base pay. I'm able to contribute to that as pre-tax or roth. I will definite...
I found an AMAZING house with amazing views and 4 units, but the rents in the area are too low. On the bad side of town, similar units go for up to $1700. The house is in the best part of the area. Great quiet tree li...
I will have 2 rental properties, each generating income and losses. Can I deduct my business expenses as a real estate investor (car, office expenses, business meals, computer, etc) outside of the profit/loss sheet f...
I am managing a rental property for family as i live a block away and have one apartment (duplex building) rented. The renter is moving in from out of state and has a job offer. I've done a credit and background check...
Hi everyone, I wanted to ask the forums if anyone has any thoughts about househacking in the Minneapolis area? My longtime girlfriend and I are looking to buy a small multifamily in the area for somewhere around 200k....
Hey All,
I've become interested in the idea of a self directed IRA as I'm growing increasingly put off by my Edward Jones dude trying to convince me that a 6% rate of return is awesome. I'm also looking into the pro...
Hi so I’m looking to purchase my first long term property. a townhouse in Wesley chapel fl.Property 300kDown payment 20%= 60kLiquid cash 10%= 30k801 credit scoreLow debt to income ratio and and combined salary of 200k...
Haha. Just kidding. I wish I had this problem. But....I am looking for ways to get money out of my business ( construction) and into real estate without getting pummeled by taxes. My accountant mentioned to have t...