Dillon Bruno
Should I rent or sell?
Hi Everyone,I live in Los Angeles and have a single family town home end unit in Leesburg Virginia? About $364,000 is owed on it between two mortgages and the loan amount is $412,000. Would you rent or sell? Thanks fo...
JP A.
Need Advice on Refi'ing Two Homes
Hi, I need some advice. Here is my 'situation:'1st home is currently rented out to a tenant. Their rent pays my mortgage and taxes and I clear an extra $200 per month from that property. I still owe money on my mortga...
Zachary McDonough
Interest only: Good or Bad thing?
Guys, lately I've been catching a lot of flack for my last seller finance deal...Our seller offered 5% interest only for 7 years...I jumped at it. But, some people think interest only is dangerous. Pros: - more cashfl...
Patrick Himes
Is now a good time to buy or refinance ?
Hi All- Patrick Himes with NRL Mortgage here……. A lot of questions still remain, hopefully we can answer a few of them.
Is now a good time to buy or refi?
I’m going to wait until prices come down.
Is this a hous...
Kevin Kittilsen
Capital gain Ordinary Income Tax on rental to be demolished
I run a family owned general contractor business (custom homes). However, I am not a registered principal of the company (s-Corp). My mom and dad are the two registered principals as they started the company 30+ years...
Michael Lauther
What are the issues with this note.
We are trying to settle an estate: 3 siblings want to hold a note for a 4th .
Property is appraised at $360,000
3 siblings will hold a 270,000 5% interest only note with a 5 year 270k balloon.
Ta...
Dina Harleth
Are gains from sale of the primary residence taxed at capital gains rate or ordinary income?
I have always thought it was at the capital gains rate, but someone today told me that the gain on the sale of a primary residences is taxed at the ordinary income rate. Can someone clear this up for me? Thank yo...
CJ Letzelter
Denver/ loan paydown vs. income
Given the time of year, I am unable to seek advise from a local Denver CPA combined with living in Singapore have left me with an important question. Can profits from rent be used to paydown the loan on the same hous...
Jake Korossy
Analyzing Properties as if 100% financing?
Hi BP, I am a new investor and listening to the BP Real Estate Podcast to hear some real stories. Question here about a topic mentioned in Episode 51 with Mike Sherwood.
31min and 30 seconds.. "Analyzing a property a...
Peter Keddis
House Hacking Question
Hello everyone. Quick piece of advice. I have a home that is already paid of. I would like to purchase another house as a conventional loan and "house hack it" to get better interest on the home and eliminate taxes on...