Hello everyone! I've got a single family rental in Spokane that has positive cash flow. I'm interested in getting a Secured Line of Credit for about $1,200 to accelerate the mortgage so I can pull a HELOC later down t...
I know conventional wisdom says "if you pre pay a mortgage, your ROI is whatever the interest rate on the mortgage is". but I KNOW there was an article here that I've since lost track of that showed it's NOT the case....
Here's the skinny...I paid my 2017 Kentucky state income taxes on time and each quarter and correct. (most my income is self employed)KY has an online payment portal. Apparently there was a glitch or else I selected t...
Some general questions about house hacking:
1. Tax question- If a person purchases home 1 as an owner-occupied personal residence house hack and then moves out the next year and purchases another owner-occupied resid...
Hello fellow members! I recently posted “To Evict, Or Not To Evict?”, and I have ultimately decided from
the responses to begin the Eviction process. How do I begin the Eviction process? Will an Eviction go on my ‘rec...
Hi everyone,My business partner & I are getting our ducks in a row to buy our first property. We’ve taken a lot of the necessary steps but I’m looking for feedback on what’s a must have and what’s a nice to have. ...
Hello, as I am looking to house hack a Quad-plex or Tri-plex I am curious how other people have self managed their properties.
What kind of software are you using, if any, to facilitate repair request from tenants a...
Hello all,
I have a rental property bought with cash (no original financing) and owned under an LLC. I later refinanced it. My insurance policy has recently been discontinued and replaced with a similar policy (reall...
If you’ve ever taken a loan from a bank, you know funding can take months and come with headaches. Experienced investors rely on unconventional ways of financing deals. Two methods of this are private money and hard m...
Hello BP family,I was scheduled for a closing this Thursday. Quadplex: 2br/1bath, cost $211k, seller pay closing. C class neighborhood. Repair 5k. New roof. Older hvac 12 yrs old.Cash flow:600/month with PMHowever, th...