Ron H.
Fannie Mae Opens the Floodgates: What's Your Opinion?
What has me wondering if I'm seeing straight is the article linked below describing a radical easing of credit standards. Fannie Mae has unveiled a new program that allows previously excluded sources of income. I wa...
Mark Miles
Avoiding transfer tax with transfer to LLC
I know a lot of people write on here about transferring title to an LLC after closing. I'm curious - is everyone paying the transfer tax when they do this? It's particularly onerous in Pennsylvania, which charges a tr...
Kevin Greene
Help getting started as a private lender
Hello everyone!I am looking to get started lending out of my IRA. I looked into note buying, and while I really liked the idea, it seemed like having good access to notes was key and I don't have that.Right now I'm at...
Justin Dominguez
Is zero down a good idea in this market?
I am considering putting in an offer to purchase 4 duplexes with seller financing. I have a relationship with the sellers already as I have recently purchased other duplexes from their portfolio. Great school distric...
John Kwon
BRRR cashout questions (tax related)
So interest rates are tanking so I was about to refinance and take cashout from some properties.But, speaking with my accountant, I found out that interest on the refi will not be tax deductible because I am not plann...
Richard Reyes
Owner financing question - California
Hello just looking for some information if anyone can help... I’m buying a home from a family friend and she’s going to be “holding the note” she’s giving us a 3.1% interest rate and it’s gonna be a 30 year mortgage. ...
Harsh Dangaria
tax question on refi
Hi BP family.
Quick question:
Lets say, I paid $100K cash for a property purchased under a LLC. Few months later I refi'ed the property at a slightly higher amount and the bank paid the llc back $120K.
If I use the...
James Wesley
Tax Forclosure: how to approach owner
Hey there! I am looking for advice on how to approach an owner of a property that will go into a Tax foreclosure auction at the end of November. I notice that she is in arrears for 28k and the mailing address on file ...
Louis Aller
How to Handle Renting to Waiters?
How do you handle getting applicants from waiters/waitresses and other jobs that are partially/mainly paid in cash? It doesn't quite seem fair to completely exclude people who earn 3x rent but obviously can't substant...
Karla Kahmeyer
# of Bank accounts for each property
Hello BP Pros. Newbie with first post here. How many types of bank accounts do you use for the actual property management/bookkeeping activities? Do you have a checking account, a separate account for Capex etc, and a...