Bought my first house when I was 19 and completely redid the house. At the time I was put onto the Dave Ramsey plan and my goal was to obviously pay everything off by 25. So I liked redoing the house I was living in s...
Todays 30 year fixed rate mortgages are an astonishing 7.1% Based off that I am finding a lot of properties that, if at a 3.5% interest rate, would have a great 9% C on C return. Unfortunately at 7.1% I am seeing basi...
I've had a TH in Raleigh since 2007 that I purchased as a second home for my visits to family. My mother also stays there. In the last couple of years, I've gotten married and had a son. Too many of us now to take the...
I was wondering if anyone could answer a couple questions about 1031 transfers.1. Does the 1031 transfer have to be for the complete sale price of the property, or can you take out your original investment and just tr...
we are moving to NYC and going to set up a LLC for my husband's sound design business and wondering if it is better to start a separate LLC in another state or just use the same LLC to start with.. point is we don't h...
Good evening. I am thinking of buying an income property before end of year, in part to take advantage of the generous Jobs Act depreciation allowance which I understand will expire 12/31/22. Does this have relevanc...
I was thinking of moving into a livable house that needed updating and minor repairs, living there for 2 yrs then renting it out. Since renters don't take as much care of the rented property, how much rehabbing should...
We had lived in our condo in CA for 2 years and then rented it out while we rented a house to live in. Since this property was an investment as a rental will we have to pay capital gains on it or can we sell and put t...
I just received an appraisal letter from my county for my property. It is almost $20,000 less than the purchase appraisal price. If I do not correct the county and leave the lessor property value price in place and b...
Hey guys. I just signed the papers on a mortgage refinance and in the prepaid column it has 3 months of taxes and in closing costs it has 2 months taxes which will go into My escrow account. The notary that did the cl...