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Hello,We're looking into purchasing a 2nd investment property, this time using our (wife & I) Roth IRA founds. The properties I'm looking at cost more the we have (combined) in our Roth IRA accounts so wanted to k...
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Hi,We were just curious if anyone has a good recommendation for a local bank or Credit Union for a business account and for possible investment loans? We would like to establish a relationship with one locally here i...
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I am closing on my first rental property. A few issues have come up from the lender. Here is the break down.
Rough estimate
Purchase Price $31,000
Down payment $24,500
Lender 30 year fixed 5%
I started an LLC and h...
if the rental property is no debt, and get a cash out refinance, the interest I paid on the cash out refinance, is it tax deductible on this property ? CPA said the cash out is tax deductible if the cash I get is use...
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I brought for my 1st rental and plan to brrr it. A bank is willing to give me a line of credit on the house. What's the difference between a line of credit and refinance? What's the pros and cons.
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I think there should be a directory where people can search for what they need. I see people all the time looking for X in _______ area. It would be very nice if we could search for the expertise people on this site p...
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Looking to fund our first BRRRR deal. Talking to several banks about HELOCS. At this point, we're in serious talks with only one true local bank. The rest are bigger. All other banks are running the numbers, telli...
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Hello all. I am reaching out for any assistance on good contacts for a CPA or someone to assist with our taxes in the Nashville area. We are about to list our Airbnb and would like to get started in the right directio...
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Hi,, I am thinking useing self directed 401 k account.. my question: Can i use my self directed account to use for down payment only when buying rental property? if so do i just repay the precentage like 10% - 20% ...
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Greetings,I am an Airbnb host with properties located in Kenya, Africa. Airbnb issued me a 1099-K tax form, indicating I meet the threshold for gross rental proceeds paid by guests. This means I may owe US income tax ...