David Cole
refinance potential rental to 15 or 30 year mortgage?
I will most likely move in with my fiance in a year or so & rent my condo out. With mortgage rates very low, I'm thinking of refinancing my condo in anticipation of this move.Currently my mortgage principal & ...
David Drew
Should I Sell My SFR Rental?
I'm trying to understand if my SFR is worth holding or selling. I'm in Binghamton, Broome County, New York. My goals are to buy and hold high cash flowing property and manage flips for cash for down payments. In or...
Andrew C.
Depreciating a house owned for 50 years
Hi BP community . My grandparents have lived in a 2 - unit duplex in Cambridge MA for 53 years. They purchased their home for $35k - the value has sky rocketed in the past 15 years. They are looking to move out of th...
Account Closed
Tenant is late and has cancer
One of my tenants has just been diagnosed with cancer. She's been dealing with various health issues that have made paying rent on time a problem. Has anyone dealt with a situation like this? I'm trying to be accommod...
Michael Plaks
EXPLAINED: Depreciation - myths & reality
Years ago, I was at a CPA conference, and the lecturer finished 30 minutes early. Unheard of, I know, but it did happen. He asked us what we wanted to learn in the remaining 30 minutes. And 300 CPAs in the room almost...
Troy Sheets
Newbie again in Philadelphia
Hi all, looking forward to getting back into the RE game and found this site through Brandon Turner's site and it feels like home already!!! So, a bit about me, I bought my first home, a fixer-upper, in '97, followed ...
Alexander Timberlake
Solo 401K Questions for REI
Can someone explain the details of a solo 401k? Points I am curious about:-Can you have a Solo 401k and a corporate 401k if you are still employeed?-Is the Solo 401k the same thing as a self directed IRA? (except for ...
Pixel Rogue
After 12+ months, titles are still no in our name (!!)
We closed two properties at the end of 2019. We discovered that the deeds were never recorded in our name when we went on a hunt to locate school taxes. In August title company blames everyone else (including state we...
Paul Lucenti
Transfer property into LLC but not mortgage
Hey everyone, first post here.
We currently own 3 properties in Philadelphia. However, the first 3 were bought in our personal name (Mortgage and Title) and we are looking to transfer the title to an LLC. My main qu...
Josh P.
Can I do better than my current lender on a ReFi? Here are their terms:
I walked into equity on my first property (and only, so far) then forced the rents with a cosmetic rehab.
Now I'm ready to do a cash out Refi, which my current lender is willing to do at around 6.5%.
The appraisal ...