Ashraf Farrag
Thoughts on converting my rental property to a lease option?
I have a fairly steady rental property. It was a former home of mine. I lived in it for 7 years and it has been rented for about 6 years. There still is a mortgage on the property and it has a decent amount of equity ...
Michael Plaks
Refinanced interest - is it tax-deductible?
This post is meant for my accounting colleagues - an invitation to debate, basically.Let's consider scenarios.1. (clear) You buy a rental with a $100k loan. Two years later, you refi into a new $100k loan with better ...
Mike Jones
5/95 Percent Partnership For LLC with rental units
Hello, Let say my brother, and I want to for a Holding LLC which will Owned a management LLC. I have 1 rental unit, and will be buying a second one, cash. The first property is on my name. planning on growing the busi...
Brandon Redfern
50% and 2% rule and just bought a rental
I discovered BP several weeks ago. I had mainly been listening to the podcast and hadn't heard some of the rules that I've been reading about on the forums the last few days. I have 4 rental properties that probably...
Carole G.
Who has over 2 Million in Real Estate Assets?
I am reading the Millionaire Real Estate Investor, about acquiring a million in real estate, then increasing equity to one million, then to one million a year in cash flow. I am just curious how many here on bigge...
Melissa D.
HELP ME PLEASE IN A UNFAIR SITUATION....
I am Lease/ Purchasing my home in Spring Tx. Montgomery Co. and I've already invested over 20K in this property but the owner went into default and tryin to catch it up but doesn't think she can before Feb.3rd Foreclo...
David Rosenhaus
Is this a dumb idea?
Newbie trying to get my mind right and formulate a plan to have $10k passive cash flow in 10 years or less. Because it's a time crunch, and I'm starting wayyy behind the 8-ball, I'm not really interested in equity (ri...
Adam Scheetz
Should I be Investing with a Time Machine?
Now that I got your attention, let's talk about Short Sales and whether/when they are a good fit.First, some context:A Short Sale is when the NET proceeds from a Real Estate SALE will fall not cover the DEBTS secured...
Gintaras Kuzma
Am I on the right track? I don't know if I should sell or hold..
Hi everyone, this is my first post.I am currently living in Chicago, in the very hot neighborhood of Logan Square.I own a 2BR/1BA condo that can be rented for 2000/month, I am currently living in it but plan on listin...
Chris A Godbolt
Rent control coming to San Diego and Orange County!?
I have been reading and listening to local news here in San Diego. I am still a rookie looking to invest in my first deal this year. But while I was researching I found that 55 % of voters support the implementation o...