Aaron Bostelle
Is buying in this city suicide? And other life choices.
The city in question is Reading Pennsylvania. I'm looking to buy my first owner occupant rental property. My experience is essentially nil so let me get you in on my thought process so you can critique it:In no partic...
John Underwood
TN tax return for a STR?
I know TN has no state tax.Is there any requirement to file a TN return on a STR? I live in SC.Wyoming LLC owns a TN land trust that owns the cabin.My CPA asked me and said sometimes a state return is filed, but I jus...
Robert S schwartz
Looking to do my first private loan for a condo purchase.
I want to become a private lender for a buyer of a condo in Orlando. He needs to borrow $120K. How do I establish the promissory note terms?I was thinking 2-3 years with a balloon payment. Looking for examples from BP...
Jennifer Duke
removing mechanics lien in California
Orange county CA There are four forms to release a mechanics lien in california: Conditional waiver and release upon progress payment Unconditional Waiver and Release upon progress paymentConditional waiver and releas...
Jo Amick
Depreciation and IRS taxes on Sub-to/Lease Purchase?
Here's the deal: I am buying no money down, taking over payments on a sfr from an out of state seller and transferring deed to my LLC. I have a lease option buyer, so I am making about $200/mo spread between mortgage ...
Denise Pauzano
Rent collection websites
I'm having issues with a couple tenants paying late. Reasons include forgetting or banks closing before work shifts end (I have my tenants deposit into my business account). I found Rentpayments.com. Does anyone have...
Iris Ortiz
Walk through Seller Financing
I have several people interested in selling their properties but I am kind out of tools on how to negotiate if they do not agree with my offer. I've been told seller financing is a way to steer the negotiation on my f...
Brian Plajer
HELOC vs Refinance for investing
Hello,
I have a HELOC that is adjustable rate, 10 year interest only payments....or I could refinance my primary home and take out cash locked in at somewhere between 2.5-3%. I am 10 years into my original mortga...
Monica Evans
HELOC or REFI???? What is best strategy??
Hi Guys,
Question on HELOC's - is the goal to use one and then pay off after REFI? Or, do some people use them and just make monthly payments with cash flow of the property once it's rented out? I'm guessing that dep...
Dan Na
Should I pay off my mortgage with my HELOC?
Considering the potential fallout from the COVID-19 crisis, I am considering paying off my mortgage with my HELOC.
My mortgage only has 3 years left on it and the interest rate is a fantastic 2.6%. The payoff amou...