Joseph Kostigen
Seller Financing and setting up a promissory note
Hey everyone. when you are trying to obtain a property through seller financing is the interest rate normally lower than a conventional loan? what would be the steps to approach someone when trying to have them finan...
Jesse Zirillo
Mold
I just bought a SFR rental with some visible mold in the basement. A "mold remediation company" quoted me $4,500 to handle the situation. However, my contractor said he has a guy that can take care of it for a fract...
Marc Scherzinger
House about to go into foreclosure
Hi everyone, I am from Yakima,WA and new to investing and to BP. I came across a deal and don't know if it is good. I spoke with a guy who has a house and he has not been making his mortgage payments. He does not h...
Alan Diamond
What is your favorite asset type and why?
We are looking at various types of purchases SFH, Duplex, TriPlex... We don't have a lot of equity/cash to get into larger numbers of units. It seems that duplexes will almost always bring more monthly income than S...
John Johnson
College town
I am currently in Stillwater Oklahoma and have been looking around at some of the different houses for sale and rent and it seems that a college town might be one of the best places to have rental property. Rents are ...
Kim Livingstone
Documents to calculate rental property depreciation?
I know that depreciation deductions are spread out over the “useful life” of a property. The IRS allows an owner to depreciate the value of the home over a 27.5 year period. Depreciation is calculated with this formul...
Rachel Odumu
Newbie Investor & Retired Athlete
Hi everyone, I'm Rachel Odumu and I'm a mintly retired Division Athlete (Basketball) from the University of Hawai'i. I recently moved back home to the Northern VA area after forgoing playing overseas for a SE role in ...
Danielle Hammond
Newbie, Property Management
Hey guys! So I'm hoping to start a Property Management company for vacation rentals come spring, with no experience. I've been reading a lot and talking with locals, and came across a few people who know of a few Cond...
Jeff Sheraton
Avoiding taxes on a lump sum mortgage payoff
I have a mortgage that was created when I sold a property to another investor. The other investor now wants to pay off the mortgage all at once which will result in a good chunk of profit I will need to claim on next...
Daniel Tsang
Advantages of seller financing if I can have conventional loan?
Is there any advantages for the buyer (me) to get seller financing if I can get conventional loan?I have a w2 job, excellent credit and 25% down payment to get a conventional loan. The seller is going to do 1031 excha...