Joe B.
Pay off mortgage quicker or use use that money for another house?
Hey allI finally bit the bullet and purchased my first place. It is a 3bd/2bath SFH that was ~190k. My monthly payments are $1200 (PITI, Interest is 4.75%) and I will be having 1 roommate pay $500 and the other pay $4...
Christopher Leavitt
Tax implications for using personal home equity for a flip
Hi all, I have a rather unique situation here. This is a situation in Massachusetts. I took out a refinance on my personal house to pay off my girlfriend's (now fiancée) house due to hardship on her part. I placed a p...
Gary L. Fisher Jr.
I think I need a loan...
After seeking advice here on BP I've decided the next step for me is buying a four unit FHA each year for the next few years. Living in it for a year while I fix it up and moving on to the next and allow the forced ap...
Brendan Blake
Math question
Say I have this example
Rental Property: $100,000
Loan Amount: $75,000
Loan Rate: 5%
Years: 30 Year Amortized
Monthly Payment amount: $402.62
LTV ratio: 75%
My money is bei...
James Ritter
Contract that Pays Nothing to Buyers Agent
I am sure this post is going to get a lot of pissed off real estate agents responding.... BUT I want to know what type of agreement you would use that would restrict a buyers agent from earning a commission.Exclusive ...
Gary Robert Burnham Jr.
Tenant Short on Cash To Move In
In the 12 years being a property manager of my own properties I have meet some great tenants. I have also turned away some potentially great tenants because they simply did not have enough cash to move into my units ...
Joshua Dorkin
What's Happening in the Foreclosure Market Today?
Hey all . . . I had a few questions that I was looking for your insight on. Please feel free to share your thoughts on the various subjects.
1 - Are you seeing a settling of prices in foreclosures (REOs) right now?...
Ryan Cheung
Buying a house with a tax lien
Hello,I went to see a home in North Bergen today that is listed as a 3 family home. However, the agent said that it can be legally a 4 unit home, with an additional unit in the basement. This house is at a good price,...
Bingji Wang
Harford MD, bid 300% of Assess Value for liens. Insane?
Today I attended Maryland Harford county tax lien sale auction online.As show in the screenshot above. Why people bid at 300% price of the assessed value for liens?According to the county's rule, the 300% of assess ...
Ernest Wade
1031 Exchange in Partnership Deal
I currently have a duplex rental in a which I was looking to sell with 100K equity. I own it 50/50 in a partnership with a family member. My question is if we end up selling can I 1031 exchange my percentage of profit...