I stress really because even though HARP 2.0 is supposed to help with underwater or high LTV ratios, investment properties, and all of that, in my experience every lender has so many in-house restrictions that it's vi...
Dear All,Are there any wise accountants out there?The Situation: The LLC in which I own a 50% interest sold a rental property last year and recorded a large gain on the sale. I had considered this a "capital gain" a...
Hello,Seller is willing to use creative financing to structure a deal with me. We are currently looking at three types: contract for deed, seller finance, subject to.The hurdle is, we both have no experience with spec...
Here's my scenario.My husband & I are renovating a house that we own outright (approximate worth is 350k).....we are interested in taking money to finish the renovation & also we have an interest in buying ano...
Curious to hear from any investors if they use any type of incentive/creative compensation methods with their dealfinders/agents or property managers. For example: Paying your agent and property manager a percentage o...
Hi Everyone, I'm closing on my 2nd BRRRR deal this coming Friday. The first is rented and performing, and was actually a seller financed deal. This deal we are closing with private money, rehabbing with a line of cred...
I have listed my rental home of 6yrs for sale, our situation me and wife are working and the capital gains tax quite doesn't look correct. I was told the capital gain tax doesn't avoid us from actually adding the prof...
I have been approved for a HELOC, original thoughts were to use for the down payment/closing costs on investment properties. My concern is by using the HELOC as mentioned then applying for add'l conventional loans as ...
BP Forum,This question pertains to deducting my home renovations for renting a room and renting the house a year from now. I live in a 1300 square foot, 3 bed, 2 bath house. I moved in March 2017 and have updated all ...
Hi there BP friends! I have spent the last 6+ months learning everything there is to RE, read nearly every pertinent book, listened to webinars/podcasts, attended landlord classes, analyzed countless properties. I t...