Antonio Bodley
What is consider good debt and bad debt?
In my opinion bad debt is when you pay a debt that is not making you money for example paying bills and student loans. These debts are not making you money where as good debt is somewhat like and investment like using...
Matt F.
Flipping tax question.
For all the flippers out there or tax pros.... What are the income tax considerations related to house flipping ? Specifically how is the gain or loss on the ultimate sale calculated is it ( my purchase price plus r...
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...
Matt Cupp
Fair Private Money Terms
Purchase price is $83,400. Rehab is $8,600Total investment is $91,000.ARV is $115,000 - $120,000Would clear $111,000 - $116,000Profit between $20,000 - $25,000Turn time should be 90 days closed. I have 50% and borrowi...
Christopher Russell
Can landlords deduct for their personal time or repairs?
I have read through many threads and get the idea that many people are under the impression that they can deduct their own time on federal taxes. By own time I am referring to completing required repairs, managing ren...
Isabel Chaves
Sued today for HOA Foreclosure, Not my home!
While I was VERY upset, I'm taking this all with a grain of salt, but if you have any input I'd love to hear.I was divorced in Oct. 2012. That is when my former husband stopped paying mortgage and HOA, however he didn...
Christine Walsh
Using Roth IRA funds for start up
Hello!I have some funds in my Roth IRA that aren't performing right now (sitting in money market waiting for a down turn to re-invest). I am thinking about using it to fund a multifamily purchase. Is this stupid or ...
Tamara Al Hashimi
I bought the wrong property in the right location. what do I do?
i bought a property which was great in many ways and terrible in many other ways.its near the river, near the zoo, four schools, 2 shopping plazas, 20 minutes from the beach, 10 minutes from the train station, 40 minu...
Joel Sherlock
What is your favorite Real Estate CRM
We currently use Top Producer as ours, we have some great systems and auto mail follow up plans. However, I am always interested to hear what other pros are using and why. Please share below what you are using and wha...
Precious Thompson
Expenses
Why do most landlords pay the water bill in a rental unit?