Hello, I am in the process of getting pre-approved for my first investment property loan. I am being told that I need to buy down my interest rate, which is very surprising to me. I thought that was only the case w...
Enough with the doom and gloom about homeownership. WSJ article below explains why owning a home is a good thing. I agree especially if you know you will live there at least 3+ years ....
1) You ...
I Just recently Bought a two family property, from my grandparents in Albany New York, I’ve had the property for three months now they’ve been late every time and now can’t get a hold of either Tenet. And there 15 day...
Does anybody know a good eviction lawyer ? I’m in Dania Beach and my tenant just threat me that if I keep bugging asking for the rent ( which 2 months are owed) he will get a lawyer and since he is sick and old he c...
Hello everyone, I made an offer on a potential wholesale deal for 97k, the seller responded that he would deed the property to me for 25k. What does this mean exactly?I am looking to wholesale this property. How shoul...
Currently have a yearly passive income stream (non real estate business which I do not materially participate ) 50-60k. No further direct deductions can be made ie depreciation, MAGI>150k.Looking for a passive inc...
Ok, here's a really loaded question with lots of possible answers. Here goes - I'm wondering what the best strategy is for getting a conventional mortgage for my next investment. In my case, I own my primary residen...
I'm getting an open line of credit from a family member and wanted to give them interest on it. I'm not sure yet how much I will need as it will be used for any incidentals that are not covered by home depot credit ca...
Hello Investors! I am helping to underwrite a potential RV park development in Colorado. Does anyone have any tips for estimating costs of putting in electricity into the park? There is no existing electricity in the ...
So I just listened to the BP webinar and am trying to figure this out. I live in Hollywood, FL and pay $1400 in rent. There are quite a few properties in the area for under $100k so the mortgage payment would be consi...