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Results (8539)
Steve S. What interest rate do you pay on your Home Equity loan?
6 March 2017 | 12 replies

My bank is offering 5.5% amortized over 15 years to tap equity in rentals I already own, for example. 

Costin I. Capital Expense RESERVES as deductible expense
5 March 2024 | 6 replies

In a recent post about how to minimize the taxes on rental income it was mentioned that: Setting aside reserves is an expense, so long as they are not excessive. When you draw down the reserve you count it as income b...

Senad Salihovic Lieing To The Bank? Heloc
19 January 2017 | 2 replies

Hey guys, I am in the process of taking equity out of my primary residence to buy more rental property. This is the question I'm stuck on.
What is the purpose of the line of credit? Purchase Other Dwelling Home Impro...

Evan C. True or False: All hard money loans require an LLC?
9 April 2021 | 7 replies

Just had a hard money lender claim that all hard money loans would require an LLC. First I've heard of it (but also first time I've looked into hard money). True or false?

Leonard Robinson What is a better option llc or s corp?
23 June 2020 | 6 replies

I have a job were I make about 140k. I also have 4 rental units. What is better a llc or a s corp. Its more for tax purposes. I owe consistently in taxes

Josh Wallin Need an offensive offer starting point
15 February 2023 | 7 replies

Asking price $799,000. 214 Days on market. Original list price $925,000 in 7/2022. Owner purchased in 2020 for $538,000.  Listing agent says sellers are very motivated. Is $650,000 a good starting point for an offensi...

Nicole Ferrara Heloc on investment property for more investment properties
16 August 2024 | 2 replies

I purchased a SFH as an investment property -  I’m reading here  there some CUs and banks who will allow a 80% heloc (in order to get cash for another investment ) . Is this not a preferred purpose .? When asked by ba...

Johnoson Crutchfield How Tax Returns Affect Real Estate Investor Bank Financing
20 July 2019 | 15 replies

I don’t see a clear answer to this on the forums.  I keep having bankers say “be careful with reporting losses on your taxes because it could make you unbankable.”  What does this mean?  How do you make sure that you ...

James Golden NMLS Questions
18 June 2011 | 2 replies

I have a few questions about when the NMLS license is required when originating and funding Private Money Loans in California:
- I know that it's required for Owner Occupied 1-4 units.
- I know it is NOT required for ...

Travis Headley Multiple LLC 1031 Exchange
4 July 2020 | 6 replies

I currently have a rental portfolio with 25 SFHs in 1 LLC. Next I plan to purchase more property but will put it in a different LLC so that all my assets are not in 1 basket to reduce risk. Down the line when I want t...