Jonathan Conaghan
Florida Governor Bans STR Guests checking in for two weeks
I just received the below from my Kissimmee property manager. Coronavirus taking no prisoners. “Florida Governor Ron DeSantis has today announced a total suspension of all vacation rentals with immediate effect, remai...
Brice Hall
Forbearance bites you in at A$$ and holds you hostage! Help!
In case you didn't know, you cannot refinance a property that is currently under forbearance. That's understandable, but what isn't IMO is that it also prohibits you from refinancing any other properties that you may ...
Evan Keturakat
Local/community banks in WA state for investment Cash out refi
Hey BP,
Has anyone in Washington State (Spokane) had any luck on doing a cash out refi on their investment properties? I researched this back in the Spring and found some that might do 4 -4.5% being and investment p...
Steven Bays
Creaky floors
What have you all done to fix this. I am owner occupant 2nd floor and the creaky floors are bothering me from walking. I haven't seen anything without drilling from under neath but that would put a bunch of holes in t...
Christine Smith
What’s the Best Order?
Hello, so we’re looking to do our second investment property out of state in AZ after house hacking with FHA loan in Southern California for the past several years. Our current LTV is sitting right around 75%. If we c...
Ben Parr
Cash-Secured Loan Strategy
I've been talking to a bank lately about refinancing some of my properties. One strategy I have thought of goes like this:
Partner pledges $130k in securities (instead of 100k cash) to secure a $100k loan. Th...
David Judge
Land loan - negotiating - multiple preapproval letters?
Hello, I’m looking at buying improved land in a market near mine (Spokane, WA). The goal is to buy land while cheap(er) and sit on it for a year or two while I raise capital to build and hold a fourplex.
I don’t have...
Matthew Lessard
Refi/Cash Out Question
Hi All,
I am looking to refi and cash out on an investment property. It has built equity over the years and I would like to use the cash to purchase another rental property. My mortgage broker informed me that since ...
Carmen Ngai
Depreciation and tax liability
Hi Everyone,
I am just starting out and looking for a rental property. So, I have lots of questions, especially about depreciation. I'd like to evaluate how it affects the tax consequence when I sell it some day....
Ricardo Diaz
Trying to pay less tax on money from llc
Hello. I think I’m in a tricky tax question and before I ask someone I wanted to get an insight from members. I refinanced an investment house into a two partner llc which I am one member. We received money and sits i...