Gabriela Martinez
Beginner looking to wholesale REOs in Houston. So many questions!
Hi everyone! Okay bear with me. This is a long one.. And my first post on here.I’m a new wholesaler. I’ve been studying how to wholesale absentee owner homes in hot areas. However, on my way home from work, I started ...
Andy Thoman
Calculating Monthly Interest payment?
How can i figure out how much of my payments are going towards interest and principal?I found an online calculator for finding my monthly payments, but how do I know how much each month is for interest?For example, fo...
Michael Ruane
introductiom and questions
Good morning! I am a newer investor from PA. Focused on multi units and currently own two through commercial financing (LLC) with 5/1 ARMs. I own two properties that cash flow well, needed some maintenance but I’m rea...
Justin Linderman
Refi Com. Loan VS. Line of Credit (Best strategy to pay off Loan)
I want to compare a Refi Commercial Loan with the following terms: Amortization Term of 15 years for a commercial property at an interest rate of 5.8% Refi amount is $262,500.00My monthly payment would be approximatel...
Ashley Pitre
Owner financing contract
does anyone have an owner finance contract I can look at? I just need it for wording and how to set it up. I will have a lawyer draw it up when I have a buyer, I just need it now , so I can review it. Thanks guys. You...
Cameron Carter
Landlord App Recommendations
Has anybody found a great app or website to track their rentals (accounting) using an IPad? I own and self-manage 9 small multi family properties (22 units total) that are very stable. Aside from making deposits, mo...
Mary R.
Flood insurance may be required
"Flood insurance may be required" is part of the blurb. How do I determine that? Call my own insurance company?
Roy Copeland
Income Statement Spreadsheet
Does anyone have a spreadsheet template for an actual income statement? I am looking to track monthly and annual NOI for each calendar year. Looking to track income and expenses for each rental unit in a seperate tab ...
Ronnie Sparrow
Title company mistake
I recently closed on deal on a house which I used used private money. The purchase price was $65,000 and rehab costs were $6,000. Total loan amount was $71,000. The title company used part of the $6,000 for closing co...
Huy N.
dependent with rental income
Hi tax expert!
This question screwed me around all night! i couldn't find an answer for it!
I want to claim my mother as a dependent for this year. I know that her gross income need to be below 3900$...