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I spoke with my aunt yesterday and she mentioned how she is all for the Biweekly Mortgage Payments because it really helped her save money. By paying the mortgage more frequently, she cut down the total interest owed...
I'm confused about the tax advantages of rental properties as compared to stocks. For the following, assume I buy an SFR with 20% down, rent it out, and sell after 30 years.
I'm taxed on the "profit" (I'm not yet sur...
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Hello all I need help analyzing this deal whether it makes sense or not.Owner owes the bank 36k on the mortgage with 26 years left. House is worth 40k but has been vandalized so would take about 10k to get rent ready....
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I recently moved to Spokane Wa after leaving my house hacking duplex in Tri-cities. I am considering selling the duplex next month, after taxes and commissions- I will be at $40k profit. I am weighing the pros and con...
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My wife and I are approaching 2 years of ownership and use of our only home as our primary residence in which case we should qualify for full $500 exclusion of capital gains upon sale. The problem is she is not on the...
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I bought this property to live in years ago. I paid about $430k which was around peak, The property could be sold for around $460k today.I owe $300k on this, so assuming a 6% realtor fee, I would get around $130k in ...
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I posted this on the commercial investing forum but haven't had much luck with responses. Maybe someone who works in commercial financing can help me out? I'm looking at a 100% leveraged deal on a 6-plex in a colleg...
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Hi! I'd really appreciate any and all advice on this topic.I have found a property I'm interested in. It is an MLS listing that has been on the market for over 300 days. The seller owns it outright. After making s...
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Hello,
My name is Ricky and I'm brand new to BP and to real estate and wanted to get some opinions from others who have done this before.
I'm trying to determine when it makes since to sell vs continue to hold a re...
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Hello Everyone,
I was at a local real estate investor group meeting last night, and I was told something that I could not believe at first. I was told that amortizations are never good, especially for 30-year mortgag...