Sarah Jukes
Refi loan Rebate/Points reasonable?
6 months ago we got our 1st refi cash out against our home to purchase a rental property, plus a mortgage on that property. Costing us over $10,000 in broker/underwriter fees for the 2 loans. Our mortgage broker conta...
Michael Rinaldi
New IRC Sec 199A Tax News - Safe Harbor to Qualify
Hi BP Community,Today some tax news came out that is very relevant to the industry. I'm sure many are aware of the new Sec 199A deduction which essentially allows for a 20% exclusion of income earned for business owne...
Steve DellaPelle
Is it worth paying more for a bank that actually communicates...
Cash-out refinance on my investment property out of state...Bank 1 - $150,000 30 Year 4.85% (4.97% APR) $4,000 Closing Costs $46,000 Cash in my pocket after refinance"Big Bank"- Horrible communication- Closing set for...
Jeff L.
Help me understand some math from "Invest in Debt" by Jim Napier
This is from page 98 in the book.Johnny owes you $10,000 -- interest rate is 10%, payment is $132.15, number of payments is 120.He's going to sell his house so he asks you for a discount if he pays it off now.You agre...
Lizmarie Amaris Rivera
Airbnb month to month lease
What are some of the clauses that I should include in my month-to-month lease for Airbnb guests that are staying for 31 days?
Daniel Wolz
Existing LLC, New rental in personal name
I have an existing LLC with 4 rental properties in its name free and clear (purchased all cash), a bank account, and file taxes as an LLC. I am paying cash for, but wish to mortgage immediately in order to take advant...
Dan Barman
Borrowing Against an IRA???
I've been hearing some murmurs lately about people using their IRAs as collateral (?) to "borrow" funds to use for down payments / rehab financing for real estate projects. A family member of mine passed away a few ye...
Jeff S.
Budgets in LLC
Do any of you do budgets and financial statements annualy with an annual meeting for your LLC's?
Am setting up an area specific LLC and will transfer a property into it. Looking for feedback on how far you go with sm...
Ian Russell
Potentially selling a property advice on using profit to pay off
Just looking for a bit of advice as I have found some really intelligent answers in this forum before. I have a house in San Jose, California that I am contemplating selling and need to figure out the best use of th...
James De Stefano
Here's what 2 months of estimates and work looks like for Foundation Repair & floors
Some of the more seasoned vets here know all about foundation repair, but for thought this could be helpful for anyone starting out. 60 seconds background:Houston is essentially built up on a swamp, couple that with ...