Nicholas Carlson
Trying to decide next move
I bought an apartment for about 150k in Staten Island NYC about 4-5 years ago that I spent very little money renovating myself and now thru appreciation is worth about 250k mortgage free. I am single and have a steady...
Jason Thornberry
Small Surplus in Budget... Pay Down Principal or Put in Savings?
Lets say you have a standard 30yr Fixed Mortgage with a rate of 3% and a balance of $100,000.
Now lets say you have an extra $100/month that you could use to pay down the principal OR you could put it in a saving acc...
Shane Elias-Calles
Pay Off Debt Or Invest?
Hey BP Here is a current situation I need some advice on.Currently have 45k in liquid cash, and 60k on a HELOC. On the debt side I have a 9k car loan, and 7.5k on a zero interest credit card. Should I pay off the deb...
Brandon Elliott-Pandey
How to get money out of your 1031 exchange! LEGALLY :-P
I had a thought the other day and after asking around from a handful of agents, seems like this is possible. I am a REALTOR and have property that I am interested in 1031'ing. If I pay a buyers agent fee and sellers a...
Lesley Resnick
Idea for a new mortgage type....would this even work?
My BP friends I hope you can help me with this idea. I have not seen any lenders doing this and I am wondering why?I would like a loan that adjust the principal every month and loaned me the difference between my cur...
Yan Gao
Husband and wife to have two house in two states
Hi BiggerPocketors,I am new to real estate investing and rental property, and hope to have suggestion to my situation here.My wife and I currently live with our daughter in Seattle area, and own a house with mortgage....
Ashish Acharya
No Capital Gain Tax in Colorado
Qualifying taxpayers can claim a subtraction on their Colorado income tax returns for certain qualifying capital gains included in their federal taxable income. The subtraction is allowed only for capital gains earned...
Arty Fresh
question related to corporation
I have a question about this quote that rich dad poor dad, Robert Kiyosaki stresses on, "
"One method that really helped me enhance my control in making money came from creating a corporation. A corporation can do ma...
Jim Froehlich
If You Had A Million Dollars (on "paper flip), what would you do?
Remember that late 80s/early 90s song? I'm guessing the Barenaked Ladies meant "tax free" million. So, if you pay for an entitlement phase of a development (apartments, townhouses, single-family homes) and then you ...
Erik Pilon
Negative ROI, is this the reality of non-resident investors?
While I'm waiting for my pre-approval, I'm starting to look up fourplexes and simulating numbers on Excel, seeing which are a good deal and which are not from the MLS.Problem is that as a Canadian citizen but non-resi...