Michael King
Self management income reporting, how to?
It might seem obvious, but you don't know what you don't know.I started self managing my first rental in October last year, how should I report the income to the IRS? Just tell my CPA and he'll take care of it? Or is ...
Erik Montenegro
Should my friend buy or not?
So I have a friend who was injured at work and is not currently working. Due to seniority he knows he will be fired when he returns. Would it be smart for him to purchase an investment property since he will be approv...
Sean Phillips
BRRR Refinancing Timeline
Purchased SFR in which I’m planning to BRRR in some way, shape, or form. Quick question in regards to lending guidelines so I don’t trip myself up down the road...When refinancing, there are seasoning period for certa...
Peter Fokas
Experiences replacing heating system
I have a 6 unit multi-family that has the heat separate (tenants pay heat). The 6 boilers are 25 years old and the 6 hot water heaters range in age (5 to 20 years). NJ is offering some financial incentives to updat...
Samantha Elgin
Finance suggestion for potential property
Hey guys! We wanted to reach out and search for some advice.
We recently moved across the country. We left behind a house that we turned into a rental that is cash flowing. Since our move, I still receive a small am...
Jason H.
Too many credit inquiries?
I have my primary property and a rental property. I am currently gearing up to purchase a second rental property. I also want to refinance my rental to drop PMI and catch a better route. As well as refinance my primar...
Lance Brown
Should I rent or sell?
I have been working on my fIrst RE deal doing a live and flip for the last 3 years and am just about finished with completing the flip. Bought the property for about 90 and put maybe 10 into the property. Local prices...
Sarah Kisch
Do a heloc before job change even if no property selected?
Is is smart to do a heloc before changing jobs, to secure getting the loan even though I don't have the property selected that I want to use the money for yet?
Account Closed
Purchase Money Annuity
Purchase Money AnnuityAsk the seller to take back an annuity for all or part of the purchase price. The annuity lowers their tax burden by spreading the gain over years, and they will earn more money over the long ru...
Account Closed
What will a hml require for this fixnflip
Ill try to keep this simple. I own 7 sfr outright and currently have minimal cash capital left to invest into this potentially great opportunity for a fixnflip. Im a general contractor with not enough income reported ...