Luna B.
Postponing rent collection to lower taxes
I need to lower my rental income for this year due to some other income coming in.I know I can prepay certain expenses at the end of the year since I do cash based accounting. Now I am wondering if would work to have ...
Jordan Santiago
20 Year Old Completes First Wholesale Deal
Ahhhhh finally successfully flipped my first contact/property at 20 years old. After failing numerous amounts of times, the persistence finally paid off. Profit was only 4,000 but am extremely grateful as it motivates...
Mitch Dowler
Homepath 10% Down Investor Purchase No-Brainer!
I have long had 4 financed properties so I have been paying 25% down plus closing costs for each new investment. I takes time for me to scrape together that kind of money for my buy and hold investment style. Whe...
Ken T.
First real estate deal as a lender
Hello BP! I am one step closer to officially being an investor. I have been presented with a promissory note secured by real estate by a borrower, but I am very nervous about how to proceed with the drafted note provi...
Charity Hanif
Rent to Retirement - Zach
Hello Forum . . . I've done a bit of looking around here for reviews of Rent to Retirement - a turnkey company. http://renttoretirement.com/.Anyone have recent experience? I'm considering my first investment with a ...
Minna Reid
Dumb question about carrying the second
Ok - I just dont get it...If a seller carries the second, does that mean he is actually taking out a mortgage for like 20% so that you pay only 80? Or that he's cashing out 20% and giving it to you, or what?
Is it som...
Craig Parsons
What am I doing wrong? All agents so far have been flaky at best.
So we have been actively looking for investment properties for 2 years now. Fortunately we were able to purchase one and are in the rehab process. But even getting the first one took finding 3 realtors. So here is the...
Fred Damali
pay off properties or use money to buy more?
My goals are to own enough real estate property that can produce 100k a year after all expenses and after having paid the ALL OFF. This will facilitate early retirement.
I am in mid 20's, and have 160k salary. I am ...
Stephen Thomas
How do I lower my W2 income?
HELP OFFSET HIGH W2 INCOME! As the end of the year quickly approaches, I have maxed out my 401k and wife’s 401k and both IRAs. We have a primary residence and a Airbnb rental unit that we own and manage. We purchased ...
J.M. M.
Home Equity Line of Credit (HELOC) issues...
Okay first the good news. PenFed is really amazing when it comes to HELOCs for a Rental Property. 80% LTV. Very fast response. I applied Friday and heard Monday I was approved, "when do you want the appraisal?". Appra...