Paul Hutton
borrowing cash from my corp.for rental purchases tax implications
I borrowed cash from my canadian corp to buy rentals all cash in the florida market. I will wright up a loan to myself from the corp to an interest rate that will completely offset any tax owing at years end from the ...
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Newbie in Montgomery County MD
Hi All,
Just came across and joined this site today. I am new to MD and looking into ways to:
1 - decrease debt
2) increase FICO score
3) save money
4) buy my first home
I look forward to chatting with you all.
Ian McCaul
New member from Colorado
Greetings all. I am a new member from the Denver metro area. I am currently building a tiny house to live in to greatly reduce my monthly expenses and travel more freely. I currently work as a software engineer and wi...
CL Ziegler
Short term note, Long term note. Which is better?
I’m a little conflicted about different borrowing strategies. (this is kindof a follow-up post to my earlier threads on 20% and payoffs)
If it’s better to borrow indefinitely, then why doesn’t EVERYBODY a...
Chris Olson
Buying an Investment Property - What do you think?
I have a ton of equity in my primary home and I plan to stay here for another 12 to 15 years. My current loan is around 100K at 2.75% interest and estimated value of 650K. My payoff would be in 2021.
I have an oppor...
Taylor Green
Thoughts on cash reserves - HELOC acceptable?
Hi,
I have a question on cash reserves for a property. I am going to try and save 5-10% of my projected cash flow every month to put in reserve, as well as anything above my projected cash flow each month. My...
Esaul Viramontes
Deal or No Deal?!?
owner financed property with 50% down on a 90 K sales price at 6% interest fully amortized in 10 yrs. Move in ready in great area with rents in the 800-950 range.......deal or no deal?
Isaiah Cuellar
Buy and hold tax benefits?
What are all of the possible tax deductions when claiming a rental property? And assuming I have a rental property paid off, and I have a W-2 job, do I save money on both taxes? Or one or the other? Also is there any ...
Alex Kohler
FHA loan, down payment, cashflow
Hi BP!I had a quick question.... If you use and FHA loan for 3.5% down on a small multifamily property can it still cashflow (or at least pay mortgage) if I live in one of the units? Or will I have to put at least 20%...
Nilusha Jayasinghe
Property reserves and personal efund locations
Hey all, I'm a smalltime investor currently living in a flat of a Chicago 2-flat while renting the other out, and also have a SFH rental in OH. I'm not looking to scale anytime soon. I have my personal emergency fund ...