I have a co-worker who did a deed in lieu on a rental property and subsequently received a 1099 for the difference between what the bank sold it for and what she owed on it, which was 144K. In order to avoid huge ta...
Let’s take a deeper look into investing for beginners.
“Should I buy my house cash?”
Depending on what your goals are this could be a necessary move or you will find there are better ways to leverage your capital. ...
I’m new to this whole site. I am currently living rent free, but need to move out at some point in the near future (no specific timeline yet, but in the next 2 years). Trying to figure out if it makes more sense to sa...
Hi BP members,Last year, I partnered up with my family and bought a $700,000 triplex with a 30-year fixed rate conventional loan. Took a loan of $525,000. I also have a conventional loan on my primary residence. Me an...
Hey guys, I am getting ready to transfer to an online university. My dream job is to become a financial advisor, and have 3 universities on my list. The 3 colleges I'm considering are Penn State, the University of Flo...
Hello,Due to the fact of being a bartender for the last several years, and having student loans, my debt to income ratio is quite screwed up, making it near impossible to get a mortgage. For this reason, I'm buying a ...
I have been listening to all of the Podcast and have come to the realization that I need a side Hustle to help me on my journey to FIRE. My wife and I both make pretty decent money and we have 3 kids. We have and cont...
Hello Everyone...Financial matters can be such an emotional decision. I have some cash savings along with a modest investment property and a primary residence. I own both properties outright with no mortgage payments....
Long story short, I’m in a position where I want to sell a few houses to pay off the debt on my portfolio of real estate. I’ve concluded that my only real option here is to bite the bullet and pay capital gains. Does ...
Hey all. Very confused on where to start with sooo much info out there so let me tell you where I’ve come from. So I guess I am new to investing… kinda. I actually had a failed rental home years ago due to it being s...