Hi everyone, i wish i had found this forum earlier. I have fully paid off my primary residence and have secured a HELOC of $435K against it from US Bank, secured a month ago. In the process i have also bought another ...
I thought it would be fun to hear some of your guys' best deals and worst deals. I'm just starting out so I am trying to learn as much as possible. In my research I have learned that a borrowers biggest motivator to c...
How do you run numbers on multi family properties? I know how to do everything with a single family home, but i am not sure if the same rules apply to multi family.
There seems to be confusion regarding how the new Tax Laws affect the interest deductibility of home equity loans and HELOCs. A lot of folks think the new laws do not allow deductibility of interest on their HELOC. Wh...
Unveiling the 2024 Retirement Contribution Limits: What Investors Need to Know
Introduction
As we stride into the year 2024, it's vital for investors and retirement enthusiasts to keep a close eye on the latest chan...
I am doing a private unsecured loan of $10K at 11% to a real estate development firm. I have received personal guarantees from the 3 individuals whom make up this firm as well as added on the insurance (except life). ...
Currently have land secured and some initial funding for a new development in Saskatchewan, Canada. Land can accommodate 6-7 32-unit rental apartment complexes. The plan is to begin with 2 buildings, and look at add i...
Hello BP,
I am no longer managing this building as I passed it off to a PM. However, I became aware of a situation the other day and I'd like to get your take on it. The situation is that two friends rented the unit,...
I need help with a potential deal. I'm looking to buy a plot of land for $30,000 and build a duplex on it to househack. However, I don't have enough money for the land, and getting financing for land is much harder th...
Hi there! Closing on a rental property on Thursday and the settlement statement shows that rents and security deposits are a debit to the seller and a credit to me. I am the agent for the seller as it is my parents, a...