Before the new tax law, the interest on up to $1 million on a mortgage secured by a primary residence could be deducted on scheduled A. Likewise, the interest on HELOC up to $100k could be deducted in the same way. I...
Where do you put the tenants deposit? Is it OK to keep in the business account or does it have to be placed in a separate account from the business? Example: we have a business account at Chase with a checking and two...
I am retired with a several rentals and looking to minimize taxes. I was reading a tax saving idea regarding using the equity in a real estate rental instead of withdrawing Retirement Savings. From what I understood, ...
Hello everyone. I'm having a calculation problem and was wondering if someone could help me do some math. I have a private lender willing to borrow me exactly $187,131.95. They are willing to do a balloon of 10 ye...
I used a hard money lender in the Pittsburgh area hardmoneypgh.com. I would like to use them again however I only need a little over 20k to rehab this home and get it rented. The plan is to rehab home, rent it out and...
Hello - I was approach by one of my lenders with a new product. It is a 40 year fixed rate loan with the first 10 years interest only and then it turns into a traditional 30 year amortized loan. The idea behind this i...
Hey BP community! My partner and I have our first rental property underway and were able to finance the deal with our own capital. We are now in the beginning stages of exploring creative financing for further proje...
Hello everybody, I am a newer investor and my agent sent me a 4 unit in a C class neighborhood for 300k. It stated at the end of the description that fix to rent financing is available for this property. Has anyone ev...
I'm studying for my license and ran into this paragraph on the study materials
"The landlord must return security deposits within 45 days of lease termination; on security deposits of $50 or more, the landlord must a...
Ok i have watched many videos and looked online but none explained a simple answer im looking for Usually i read hard money loans go by points and high interest etc..and are short term typically 1 year....SO does that...