Deneen Laprade
Newbie seeking feedback
Hi All - I am looking for perspectives on my options that might help me decide my next steps. Here's the story:I own 1/2 of a duplex that is my family's home, where I raised my boys for the past 20 years. The plan is ...
Ethan Simcox
Securing Financing - Next Steps
I'm going through the underwriting process right now to see how much of a HELOC I can get to leverage the down payment on my first Buy & Hold Property.
This process I was told can take 3-4 weeks (appraisal, cred...
Carter Mezzio
Seller Financing Details Help
Hello (again) BP community! I have been searching for my first rental property investment and, due to some financing troubles for my partner and myself, we had to reach out to local investors and inquire about seller ...
Pat L.
Interesting Scenario
Our 401(k) solo holds a 50% 1st position note on an investors rental SFH.
We are taking it back DIL for mtg arrears. With a little rehab it will sell for a good $25-$30k above the balance owed.
My TAX i...
Eric Nelson
How to shield my paid for personal residence
Hello, I have a question about shielding my personal residence. Quick background, I have a paid for house and my wife and I have saved enough cash on the side to get into the brrr game. Still very new and learning. I'...
George Lambrinos
Buying Foreclosures in Pennsylvania
I just moved from Allegheny County to the Allentown/Bethlehem area.I've completed a number of successful flips through Allegheny's Sheriff Sale but they have all been Free and Clear Tax sales. Free and clears are har...
Frank S.
Depreciation Method Error - SL vs 200DB in 2017 Sch. E.
Hi there, While finalizing my 2018 taxes, I found an error on my 2017 Schedule E, Depreciation calcs.In 2016, my accountant used the straight line depreciation method for "Appliances". The following year, I used the ...
Nathaniel Bradley
Wholesale deal loan mod or wholesale
Today a motivated customer calls my business line and emphatically states that he is newly married and "needs to get rid of his home and is facing foreclosure."
Here's the details :
two mortgages for $78,000 total...
Greg E
Americans Turn Negative on Economy, Expect Recession ..
Oct. 25 (Bloomberg) -- Almost two-thirds of Americans say a recession is likely in the next year and a majority believes the economy is already faltering, according to a Bloomberg/Los Angeles Times survey.
Full artic...
Joshua Dorkin
Chicago Board of Trade and CNBC Revolt On Stimulus
Great Video and a great rant from Rick Santelli worth a look:
Trader Buzz & Rick's Rant