I’m interested in buying a 50k-100k property with my HELOC. But I’m not quite sure how things work best with taxes this way. I plan on buying the property(s) in an LLC. Then have that in a holding company. The idea is...
First post in the forums so take it easy on me.My question is.... Say a property returns 10% cash on cash, which to some, may be low.Said property's tax rate is 2.5% purchased at $200k or $5,000 for property tax. Say ...
Hi all, I have cash and great credit and income but work overseas and will be quitting/moving to attend school and invest, so shortly won't qualify for loans.
I would like to do flip into rental type deals (like Moni...
First off, thanks for any replies in advance, as this is my first BP post!So I still have my first primary home that I was fortunate to have bought in 2013 (bottom of the Fairfield County CT market by rough estimates)...
hello everyone first time posting in BiggerPockets, I was listening to the money podcast and Mindy and Scott where talking to a guest about low cost index funds in particular the S&p 500 and vanguard, I’m just ce...
I recently commissioned into the Air Force and am considering the USAA Career Starter loan for a future down payment or rehab on a duplex.. with a variety of ways to go about it. I say "future" because I am in pilot t...
Hello All:
Here is the story. I just go informed by our tenant that she didn't make enough money to cover the month of December. She is requesting to use the Last Month Deposit as payment for December.
There is no m...
So, I've been eyeing a property that has been abandoned for a few years now and has some back taxes and tax liens totalling around 22K. My plan was to buy the property. The current Zestimate is around 115K. My only co...
Is it a good idea to use a down payment assistance program? I want to get a house and I don’t have quite enough for a down payment I’m trying to think of ways to come up with a down payment I’m planning to use an FHA ...
So here are the details on a rental property I currently own. I bought a single-family home back in 2007 with a VA loan. I am currently renting it out for $950/month. My mortgage is $822 but I pay $950 just to pay ove...