So we bought a rental, 30 yr amortization, monthly payments. Is it worth increasing payments to 2 per month, bi-weekly, making extra principal payments to reduce the mortgage? We've allocated expenses to everything we...
Hope I have a live one here... I'm not sure so I'm asking you all.I called a seller in my target area today who told me he'll sell his house for what he owes before I even asked. He bought it almost five years ago fo...
Hi guys,I have a friend that is renting out a home in Oak Park MI, this family moved in about 2-3 months ago, he took money for a security deposit and I imagine they have paid rent for the months they've been there, a...
I would assume it depends on the area. I live in in Oklahoma city btw. Just would like to know anyone's opinion regardless of where you live. Has anyone had any success or would like to share any advice using AirBNB f...
We are currently flipping 2 houses. After only 3 days of tearing out carpet and junk we were approached by a neighbor of one of these homes with a request to purchase the property as-is. We estimate a profit of arou...
We have a commercial building with renters that are in their last month. We have not received the rent yet (surprise!) and was wondering if we can deduct late fees from the security deposit. Property is in Texas. Here...
Hi BP,
I was reading a post the other day about dead equity and it got me thinking.
I have a two family multi where I owe ~165k. Tax/insurance/mortgage is $1700/mo (flood insurance is a killer).
I pull in $2500/mo...
I have a tricky one for any of the tax gurus that would like to take a stab at it. Here's a situation. S-Corp stock is held in a QSST (Qualified Subchapter S Trust) and the S-Corp stock will generate a loss for the ...
Hey everyone, had a couple quick questions about my plan. So I’m still in the learning and planning phase, but the plan is to house hack a small multi family for a year with an 3.5% FHA loan. As far as running the num...
We are new real estate investor that just purchased our first property using the BRRRR strategy. We bought a solid property with cash and rehabbed it nicely. It is now rented and cash flowing. I’ve found a lot of use...