Nathan Buss
New PMI Rate for FHA loans
Hi all,For those who have not seen the news on this FHA is reducing the PMI rate from 1.35 to 0.85%! This is a significant savings and could mean the difference from cash flowing and not.
Deontae Posley
Low down payment conventional loan for a duplex
Hello everyone,I have ran into a small issue. I found a duplex I'm interested in and can only use a conventional loan. I would normally just put 5% down, which I have, but my lender is telling me since it's a duplex, ...
Olivia Piper
Tax implications of roof replacement due to hail damage
I'm trying to figure out how I should report the roof replacement in one of my rental homes due to hail damage on Schedule E. The rental home was purchased in May 2017 and the previous roof had half of its usage life ...
Christian Chartier
extremely short term lending advice needed
Hey friends,For the last couple years I have been coming back to this site for information and just recently I thought that I would stop reading and start physically attempting to put deals together. For me, it had to...
Nik Moushon
1031 towards a vacation home?
My father is getting toward retirement and is looking at selling one of his businesses he is a partner in. Once the business is sold could he take his share and use that in a 1031 to purchase a vacation/second home? I...
Ana Vhan
Questions around Trust, LLC, sole proprietorship, umbrella insurance
This is our situation. Let me know what is the right path for us - Trust and sole proprietorship OR trust and LLC OR something else? We have rental homes in CA and in AZ. We plan to add all of those under our trust. R...
Justin Pinder
NEWB: Talk to lenders first or find deal first?
Hi. I'll be investing in a 2-4 unit building before the end of the year. If I decide to go at it myself, should I talk to a bank and see what type of loan/limit I can get before finding a property or should I bring th...
Will Dennis
House Hacking- really as beneficial as many say?
Hey guys! Got a question about house hacking. So pretty much everyone says that house hacking is the ideal first investment, but being someone who often questions conventional wisdom, I have a few questions about this...
Ganesh Rao
Deductions
Any one have experience with deducting rental expenses against ordinary income (not just rental income). I know there are rules regarding active versus passive investing and there is a cap (MAGI) but if one is over th...
Sean Brennan
Who uses standard mail for yellow letters?
I set up a standard mail, pre-canceled stamp account with the post office and now they're telling me that the yellow letter does not qualify and that it is first-class mail because it includes personal information, i....