Bryan Petrinec
Seller Financing Tax Implications for Seller
How is income from a seller-financed property treated from a tax perspective? I am considering selling a property that has no mortgage on it through seller financing. I know that if I were to sell it through a stand...
Kit Jackson
CIT Small Business Lending
Brief history. Back in 2007 I took out a loan with CIT that was backed by the SBA. It was inmy LLC name but I personally guaranteed it foolishly using my house as collateral. Fastforward to today and I have enough equ...
Matthew Newby
2 homes on 1 parcel financing options
I currently have a 1.3-acre parcel with a 2 bed 1.5 bath home that I built. Sweat equity paid off nicely, we owe $100K on it and it appraised in 2015 for $211K, not sure where its gone since then. We would like to max...
Josh Ledbetter
Refi or Stay the course?
I have a single family residence that is being rented for $1850 a month. I currently owe $120K on a 15 year, 3% fixed rate loan with a payment of $1413 (PTI) a month. The property also has a HELOC that has about $30K ...
Justin Brummer
Rental Blues: Refi or Sell?
Needing some guidance. have an FHA rental that I lose $150/mo on due to giving family a break. Put a little money in Reno too and thought I could refi. With a 699 score and rates ticking up the lender said it is not w...
Philip Bashaw
Rundown Condo Community
Hey BPers!I had a friend quit claim a condo to me in Lithonia, GA. However, it needs a lot of work due to water damage. He also owed the HOA a lot of money, but they are working with me by allowing me to pay only the ...
Marc Cesar
Lending Guidance needed
Hello everyone. I am fairly new to the rental ownership scene as I'm presently crunching numbers on multiple properties and cherry picking the ones which make sense for me to make offers on. Rather than purchasing 1,...
Matthew Yrungaray
Total Return
Does it make sense to invest for total return? A property that I am considering is very tight on cash flow, capital appreciation is slow in the area but the property is in great shape, is never vacant and I can ow...
Carrie Cavins
How do I move forward with my First offer??
I found a property listed at 60,000 (and worth close to that price) and spoke with the owners and found out they owe 20,000 and are selling it due to a death of a family member. They just want to move forward in life....
Sam M.
Is there any reason not to pursue a SS where others have tried?
I just spent an hour talking with an owner 2 months from foreclosure. They have had 2 people try to work their SS magic to no avail. I believe the last one was another investor in the area and the owner shut it down...