Dillon Francis
How to cover a 20% down payment when you have no money?
My girlfriend and I are looking to purchase our first house in the next six months. I want to purchase a duplex and rent out the other unit, or a large single-family home and rent out rooms/basement (1st option prefer...
William Taylor
[Calc Review] Help me analyze this duplex in Michigan - are these numbers correct?
Posting this duplex that I found here in the heart of Eastern Michigan, I've been frequently trying to run numbers on duplexes and investment property listings as an up and coming agent and investor to try and gain wh...
Anthony Phillips
First Brrrr property breakdown. NEED some advice!!!!
So I just completed my first Brrrr.
Purchased house- $235k
Rehab-15k
Appraised value- 325k
Currently rent- $1,950
Mortgage- $1,681
Cashed out $250,000
So
I think I did a pretty good job for my first brrrr t...
Thomas Dionne
Florida Tax Deed Auction Question
A family friend knows I flip houses and told me about a house (in FLorida) going up for tax deed auction. There was paperwork posted on a home in his neighborhood. Ive never looked at getting a house this way as I al...
Oscar Freiman
Using my IRA
Dear all, I need money to start investing, and the only source of cash is my IRA. So, if I want to use the investment cash flow to make my living, is the only option available to cash a portion of my IRA and pay the c...
Dan Bryskin
Why don i like flips, please chime in
Death & taxes .... Don do flips. Waste of time & money. Why would you want to work hard to pay ordinary Federal & state taxes, self employment, medicare and what not? Why to give 50+ percent of your profi...
Pierre E.
Use Multiple CPA's - How and Why
What is the best way to go about using multiple CPA's? Why I ask? Lets say you have a W2 job, a non real estate specialized business with your spouse (pass through income), and own a few rentals. You value expertis...
Matthew Samson
Different CPAs for investments in different states?
Hi All. Thank you everyone for engaging on my posts as I ramp up towards my first deal!My next question is a simple one: through circumstance, we will almost certainly have real estate holdings in two states (Georgia...
Sean Golin
When does it make sense to pre-pay mortgage?
I currently own an investment property and have been considering pre-paying the mortgage down to increase equity but not sure if this is the right approach. My mind tends to focus on the increased monthly cash flow f...
Charlie Gomez
Should I refinance?
I am currently following Dave Ramsey’s plan on finance. If you don’t know it is summed up with 7 baby steps. I’m on step 6 which is pay off your home early.
I currently have a 15 year loan at 3.3% with 11 left if I ...