Ana Marie B.
Paying off a Rental or Primary Res. -- Yay or Nay?
Hi BP Fam - The hubby and I have enough money saved to pay off either 1 of our rentals or our primary residence. Wondering how others might approach this, what makes the most sense, and why. Below are some data:1.) ...
David Y M.
Tax Schedule E Questions for Active Participation Loss
Current Situation - Trying to tax plan for 2020 tax year- househacking with SO and 3 other roommates, and planning to claim active participation and claim a deductible passive loss- Deductible expenses are based off f...
Nicole Heasley Beitenman
How to hack my way into 2nd house
Hello BP!
I own a home through an FHA loan. I rent out the spare bedrooms, which covers the mortgage, taxes, insurance, and repair reserve. It doesn't cash flow beyond that, but that was not my goal when I purchased ...
Sara Finley
Sell or Keep or Cash out Refi
Hello! In need of advice from you smart RE peeps.
We have 4 rental properties plus our main house.RH #1: Owe $13,000 - rented at $1200/month (long term tenant moving out May). We could easily rent this property for 1...
Aaron Junck
"50% rule"
As far as the "50% Rule" goes.
When you evaluate a property and you say 50% of the monthly gross rents should be figured for expenses prior to servicing any debt, does this vary much if you are going with new constru...
Michael Bracken
"Howdy" from Dallas! I tip my 🎩 to ya for HELOC advise
Greetings, I would like to raise some money for conventional financing of a duplex or 4 plex.
I have a rental with 110k equity owe 39k 6.5% and a primary residence with 100k equity owe 98k 4.5% 15 year note. If I c...
Andrea Long
Should I take out my Equity?
I am new to owning rental property. We lived in our house for 7 years and weren't having much luck selling it so we decided to try and rent it out. We had an overwhelming amount of people interested and picked what we...
Charquis M.
Should I form an LLC for my first rental property?
Hello All,My name is Charquis and I am in the process of purchasing a new home and turning my current home into my "first rental property." I have been told that I should form an LLC before gaining a renter? I am not ...
Kalon Green
Asset Deplition Program
Is an asset depletion program a good route to go if you have little money to put down for a down payment? What are some pro's and con's?
Shaniqua Dupree
Purchase Home, Consolidate 15k Debt, or Purchase Rental Properties? Maybe ALL 3
Hello All,I have been really contemplating on what to do first and cant figure out which so I think ill just give my reason to each. Im looking for some really good sound advice. Real Estate Investing will be my full ...