We bought our principal residence last summer in my name and that of my husband, and we need to redo the roof (likely $30k). Should we transfer ownership of our residence to a LLC and discount this roof as an expense?
I know I usually post about flipping, but I am moving to Houston this summer, and really want to rent out my house in Cleveland. Within 24 hours of posting it on zillow & craigslist, i had 20 emails and 5 phone c...
Not sure if this question is allowed here but thought I would give it a try! I’m in the Portland Oregon metro area and just passed the RE exam and ready to find a principal broker. I have another flexible job at the m...
I am not a broker. I enquired about some multi family homes from a broker. I wanted to put the property under contract. I have a potential investor but they are asking me if I am a broker or Principal for the investor...
I have 7 rental properties and have accrued cash in the bank. Should I pay off the mortgage in a lump sum and put that extra income into paying off principals of others or just pay more on all of the principals and no...
Thinking out loud a bit here but there is no better place to do it. My wife and I are at the in between stage of our careers where our salaries are going to more than double in the next 4 years.
My family has...
I've read that when you pay above your normal mortgage payment each month, the extra amount is deducted directly from principal. Is this true, and do all lending institutions follow this?
Recently purchased my first turnkey rental and started making payments on the mortgage. Mortgage is about $134,000 at a rate of 4.875%. The property has a positive monthly cashflow of about $300 before factoring in ...
I’m looking into ways to refinance an adjustable loan on my florida rental property. I’m considering refinancing my home and just paying off the loan, which will save me escrow costs, I believe, as well as get me a lo...
Based on what I know so far, the only way to lose all of your principal in a tax lien investment is by having your certificate expire because the taxes were not brought current and you did not begin the redemption pro...