Vivek Jalahalli
Using Credit Card Balance Transfer as Down Payment
If I get balance transfer from 3 cards totally $30K and then add up my personal savings of $30K , totaling $60K to make a 20% downpayment for $300K rental investment.Does banks have problem providing mortgage loans ?...
Eric I.
Q for CA landlords: Relocation Assistance when Terminating Tenancy at End of Lease
I've been renting out my home to the same tenants for the last 3-4 yrs under two different leases. The first lease was 2yrs and the second lease was 21 months (end late and 21 month term was chosen by tenant).As it t...
Jack Halldin
Mortgage Fraud ? 1003 Uniform Residential Loan Application
Some quick facts. This is my current residence, I have a VA loan, looking to refinance. Current servicer has been sending me notes that I can refinance at lower rate (3.875 now, current offer 2.25). Fantastic, huge s...
Joe Pitrolo
HUD DENYING RENT ?
Does anyone know if you can appeal a HUD decision to abate a rental payment for a unit not passing inspection in time?
They sent the abatement and cutoff letter to the wrong address so I wasn't aware of the cutoff d...
Susan K.
Q on deferred salary to a Solo 401K
Hi Everyone,We are business owners (construction co) classified as S corp, 2 members - paid with W2 income from the business.We deferred salary for 2024 to a Solo 401K. Are we required to pay FICA tax on the deferre...
Rich Schroeder
tax loss for full time investor
I have a meeting with my accountant later next week. However I would like to be able to speak intelligently with him, so I'm looking for some information.
I have a day job, my wife stays home...
Robert Fountain
Seller sued title company for tax $$. Company wants me to pay.
Hi Everyone I'm looking for some advice on what I need to do regarding this issue:I bought a rental property on August 7, 2017. Today I received a call from my title company stating that the sellers hired an attorne...
Olesya Richards
How do you calculate a mortgage balance on a seller finance deal?
Hi, I have a friend who purchased a house on seller finance terms. The original purchase price is $165503.44, 10% APR, $700 monthly payment. She started paying on 09/14/2017. Now she wants to get out of that contract ...
Tekoa Glover
Am I entitled to a denial letter
I want to know if I am entitled to a denial letter if I am denied a DSCR loan. One week before closing the lender decided that I had not owned the property long enough. They said for me to come back in 3 months, becau...
Keen C.
Japan RE - Minimizing Taxes while Building a Bigger Portfolio
Hi BP! I joined recently after hearing much about the forum. I'm an American based in Japan, and finally decided to take the plunge as a personal investor a couple months ago and acquired a 14 unit residential build...