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I am interested in purchasing a fourplex with a 3.5% down, FHA loan. Currently I am in grad school and attend school out of state to where this property is located. I spend about 6 months in St. Louis (where this prop...
Hi, I am a healthcare professional with currently renting office space. My rent is $1000/month. My revenue for last year was $1M. I have land that I purchased last year and would like to build a 6000 sq ft building fo...
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Are property repairs (say e.g. to foundation tax deductible?)
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Hello all!Have been lurking for a month or so, and find the forums a bit...addictive! Great sharing of accumulated wisdom and actionable ideas. Finally created an account when I had a comment for a thread that seeme...
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Initially when looking for my first rental I wanted to use the homepath program in order to lower the down payment. As I ran tests on the numbers leveraging up seems to be a better way to go.
My initial quest...
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Paying off a house completely is a trap. You should avoid it if you want to amplify your wealth.Here’s what to do instead:Successful investors own nothing outright. They sit back and wait as their properties go up in ...
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I have a question on what gets taxed when it comes to rental income. Of course there are loads of other factors but I'm looking for general answers for someone living in the US without state income taxes.For example,...
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Hi all! I am a complete newbie, so if you ask RE specifics and use RE acronyms, I might not understand. I'm going to a seminar on flipping homes next month. I was researching the company and ran into this site. I re...
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As the subject states, I have a dilemma that I am having a hard time navigating myself. I now own a SFH that is my primary residence, the first property I have ever bought, and I have owned it for about 30 months. M...