Account Closed
HELOC For Down Payment
I have a 31k HELOC @ 4.75% on a rental. No cost to me. Cash-Out-Refi is 7k closing cost for only 17k. Don't want to bother.My plan is to use the HELOC as 20% down for a Conventional Investor Loan to acquire my 3rd ren...
Mike M.
Annual Bonus Check - Changing Witholding to "Exempt" a bad idea?
Hey all,I have a regular W2 job that provides a substantial bonus check annually. Over the years I have heard of gossip that changing my withholding for this single paycheck is the best tax strategy. My employer combi...
Ben Traxel
Property Management Fees
In the process of buying a 12 unit apartment building and will be my first time hiring a property manager. They say their standard rates are 10% of income, 1/2 of first month’s rent for all new tenants, and they charg...
David Ivy
Austin Market Update - April 2023
The April 2023 real estate market numbers are out from the Austin Board of REALTORS® (ABoR). The median home in Austin sold for $565,000, which is down 11% from April 2022. The greater Austin metro had a similar year...
Owen Franks
Buying Foreign Real Estate via corporation - Will this be a PFIC?
Hi all,I’m a US Citizen but we are stationed in the UK. From a UK tax perspective it’s better (by far) to buy new rentals via a Limited Liability Company. But I’m concerned from a US tax perspective that owning a fore...
Davon Velasquez
How Did You Start Out?
How did you all start out in real estate? Did you buy a home, take the equity/appreciation from that home and bought another? Was it like a "snowball effect"?How much money did you start out with? Where did you go to ...
Tony Deal
Can someone please outline a private money deal
I have saved and saved. Done pavers, patios, windows, siding, concrete and everything in between to get enough cash to start buying and flipping houses. I have now enough cash where I am buying 1 or 2 houses at a t...
John Starkey
Greetings from Alaska
Hello BP community,
My name is John Starkey; colleagues of mine in Alaska as well as myself are extremely blessed to have found this website. The helpful advice and nationwide networking opportunities are important ...
Bryan Levine
Wait for correction?
It's hard to find a good deal down here in Florida. The market is robust. Even REO properties are selling for around market value. Should I just adopt the strategy of waiting it out for a market correction?
Bo Goebel
Consequences of being a Realtor and REI
Hey BP,I have talked with several investors who advised me to attain a real estate license as a means of gaining access to the MLS and as a means of improving credibility. I am not interested in working as a tradition...