Jeff Wells
What is the best way to cash out on a REFI for alternate exit strategy?
Hello all. The house we just finished has a total value of 45k. We have 22 into it. We JUST put it on the market and we think it will sell. However, in planning for the unexpected no sale, we can always rent it for...
Adam P
Section 988 Foreign Mortgage Gain
I am hoping a foreign real estate tax expert can help me on the top of foreign mortgage tax payoff gains, also known as section 988 of the tax code.I purchased an investment property in Canada in 2013, and financed th...
Michael Doherty
Tax Filing: Professional Real Estate Status
Hi All,I am looking to get input from people who file their tax return using the Professional Real Estate Status. Specifically, I want to understand how you track your daily activity and to what level of detail? Are t...
Mike Sivert
Subject to - tax write off?
I'm thinking of doing a subject to deal. If I continue to pay the mortgage in the the seller's name (with out refinancing) would they claim the mortgage interest tax deduction or do I get to claim that since I am payi...
Chris V.
Can Buyers Ask for the Lease?
I'm putting in an offer on a vacation rental that has a long-term tenant currently. I asked my agent if I can please have a copy of the current lease agreement for the tenant, and she said that the seller wouldn't pro...
Tim Riley
Automated Direct Mail
Anyone have a source of an inexpensive automated direct mail campaign site? I purchased a list from ListSource.com and am looking for ways to do direct mail without all the hassle. This will be my first attempt a...
The Fed has signaled something significant for mortgage rates. With inflation still rearing its head and the job market hot as ever, the Fed already has enough evidence to hold back on lowering the federal funds rate,...
Jared Carpenter
What One Should Know About Equity Waterfalls in Multi Family RE
Good evening BP World,I was hoping that through your collective responses and examples, we as a community could learn more about the common real estate waterfall components.In layman's terms, could a few of you kindly...
Carlos Ptriawan
Archaic Fed theory
cc: @James Hamling So today is very interesting. Job market is extremely robust that we add 300k jobs than 150k predicted job. In theory this should not be good news because then Fed would have reason to keep the inte...
Sean Senatore
What would you do or would have done with the purchase? Smh
Hello everyone. I'll make this short and to the point....(maybe)Bought my 1st property back in Jan of this year. 2 Family Semi in Staten Island, NY. I would live in the main house and rent out the apartment was the go...