Steve DellaPelle
Renting to my Handyman...Good or Bad Idea?
Hello,My handyman is selling his house and will need to start renting for the time being. He offered to rent one of my apartments for a good price for him and his wife. He does a lot of work for me and is currently u...
David VanSteenkiste
Too high income to take RE tax deductions?
Does none know if there is n income level at which you are not allowed to take tax deductions fom RE? Ex. If you are a high income W2 employee and want to start investing in RE. How does he 86 tax law effect you? Can...
Shaun R.
Paying off personal residence
The only benefit that I've heard from people of carrying a mortgage on your personal residence is the tax benefit. Maybe it's because my interest rate is so low, but I don't have enough deductions (including my mortg...
Courtney Fricke
What Makes a Good REIA? What Makes a Bad One?
Hey everyone, As I prepare to start a local REIA, I'm curious as to what is your favorite part about the REIAs you attend? What do you like? What do you dislike? What do you think those meetings should be doing that t...
Kati Henry Ortiz
Hometap instead of HELOC?
I have a client interested in using Hometap instead of a HELOC. This is the first time I’m hearing of this program. Anyone have experience or feedback on the product? -https://www.hometap.com/homeowner-resources/how-h...
Micki Sluyter
Refinance
We currently have two rental houses. I'm wondering about refinancing our primary house to free up a line of credit to purchase another property. What are the downsides to refinancing? We have two mortgages on two sepa...
Shannon Elam
Owner Financing Resources, Illinois
Okay, I have searched the forums and blogs for an answer, and while I have found good information, maybe someone can give me a more specific answer...I have a SFR that I am looking to sell via owner financing. The cur...
Kyle Robarts
Question about 30 year terms and LLC purchases
Hey all - newbie here.I have looked locally in my market for some lenders to get pre-approval for rental property purchases. However, I am running into an issue that only 15 or 20 year terms are available. At the advi...
David Rushton
Owner Finance - Buying a Duplex from a Family Member
Looking for advice! So my wife’s Auntie is trying to sell her duplex Lincoln Square, Chicago. She isn’t getting the price she wants and I just feel this is like a great opportunity for me to get it. I haven’t approach...
Account Closed
Using a Pension distribution for real estate - Penalty Avoidance?
I recently was offered a pension lump sum payout by a previous employer. As a 45 year old, I have a few years left until retirement. I have 13 vested years with this previous employer with a monthly payment estimate...