Alex Gambrill
How to wholesale a up side down mortgage? Help
I have a neighbor that moved to Florida 9 years ago because he is in the military. He owns the house next to me in Baltimore County Md. He has been renting it out for about 9 years but recently decided to let it go to...
Alejandro Valbuena
Is borrowing money from Private Individuals a good idea?
Hey everyone!I am looking to invest in my first real estate property but it appears that saving for a down payment of 20% or more could take me at least a couple of years. Because of this, I have been seeking alternat...
Chinmay J.
Tax Liens in Maryland.
A group of investors that I am associated with is considering investing in Maryland Tax Liens. I know the basics of tax lien investments, but wanted to gain some insight in two things:a) What is the qualification ...
Harrison Chow
Interest Rate Hike - Are you still buying?
How high do you think the interest rate would go? I am seeing 6.5% for commercial loans right now. What are you seeing? Are you still buying in this environment?
John Pruner
Tax questions and LLC questions
Hi,
If I buy a small buy-and-hold SF property, what is the reason to do it through an LLC? I guess I can deduct depreciation and write off mortgage interest whether or not I use an LLC. However maybe I can on...
Ted Swagerty
Tax strategies to avoid/mitigate capital gains
Hey folks! An older friend of mine would like to liquidate his four properties but he would like to avoid paying capital gains tax. I suggested that he and I form a LLC and slowly transfer his properties to our LLC. A...
Tamera Shearon
Software for a Mac
I have currently switched over from a Window's 7 computer to a Mac. I am in need of a software that I can use to manage my bank accounts, all my rental properties and transactions. I liked the Bookkeeper by Mysoftwa...
Yariel Rivera
Help with rollover and traditional vs roth 401k/ira
I just started a new job and am in the process of setting up my retirement. My new employer offers a 401k and they match 233% up to 3% of my base pay. I'm able to contribute to that as pre-tax or roth. I will definite...
Stuart Grazier
Paying down principle fast using an open ended line of credit?
Mortgage and lending professionals, I signed up for a program a few months ago that's basically a budgeting tool (kind of like Quickbooks online) that shows you how to use an open line of credit (like a credit card or...
Ryan Stover
Another Californian to Austin, TX
Hey BP fam,I love living in San Diego. Friends, family, surfing. BUT, as I've heard "Hate Taxes? Love Texas!"1.) Could I buy a house in Austin, rent out all of the rooms except my room, and change my residence to TX? ...