All I here about is how great HELOC is- How about the downsides: 1) variable rate 2) risk your home if used 3) tax deductible only if used on the same dwelling
A seller named Al provided 80% financing on a commercial property he sold in 2008. The owner (Josh) is now selling the property and Al's loan will be paid off. Can anyone advise if there is a way to further defer the ...
Hi, Are there any negatives to using my capital in securing a secured LOC for the down payment as opposed to dropping all i've got to closing on a deal? Secured rates are 3.25, cash flow will cover the LOC payment and...
Hello,
Looking for the best way to layout bank accounts for a property.
1- account for security deposit
2- account for mortgage to come out of, that tenant pays into monthly via Zelle
3- account for property exp...
Hey!New to biggerpockets and looking into purchasing my first rental investment property. Curious what tools people use to manage multiple properties. Specifically:- Do you have a separate checking account for your in...
I am a licensed minister working for a non-profit ministry. I have the optIon of opting out of FICA tax. As of right now I am paying It setting aside $750/month. I was wondering If I should stop paying that tax and pu...
I plan on using my Roth IRA to purchase my first rental property. I keep hearing both ends of the stick, good idea and not a good idea. Anyone knows if this is a good idea or not and what are the pros and cons?
Hi fellow expert!I'm putting together my 1st syndication deal and getting very confused as of how do you hold the property.I'm raising the 25% down payment from 4 people to purchase a package of 5 single family house....
Hi Everyone,
I think it's about time I increase rent on my tenants, haven't done it forever. I'd like to leverage a standard rent increase form, if there is such a standard form out there. Where is the best ...
I have been getting prepared to present a seller financing package but I am unsure concerning taxes and the balloon payment. Will the seller have to pay taxes on the balloon payment? If they sell the property in form ...