James H.
Make extra payments to mortage, pay down debt or save for down payment?
My question is: With the relatively small amount of disposable income I have, is it better to separate some of that off to make extra payments to the house mortgages to pay them off sooner, or should I just let the mo...
Jason K Green
Is my wife financially responsible for failed RE deals?
I am getting started in real estate investing but my wife is concerned about what happens should a deal go south. I have not yet set up an LLC or corporation. Will she be financially responsible if I enter into a deal...
Serena Sun
Refinance or sell to buy a new house? Please advise!
hi All, I am not professional RE investors, so I hope that you can give me some advice for my situation.We bought our primary home in 2002 for $300K, the mortgage plus taxes and insurance is $2600/mon. The house shoul...
Byron Butler
Subject to past due taxes
A property is on pre-foreclosure and scheduled for a tax sale auction. This is an absentee owner and the home sits on 2.5 acres. Is it possible to purchase this property as a "subject to" the past due taxes before the...
Derrick Camber
the SLOW process with debt before investing
Hi Everyone,I wonder how many people out there are like me. We are dreamers and know what we want to do, how we want to do it, and especially the BIG WHY, for freedom from a job and to follow your passion. However, ...
Andrew C.
Selling a 1031 exchanged property with increased debt
I have never sold a property that I've previously 1031'd into. I am confused on how to think about my potential tax liability and I've had different opinions from professionals. The scenario is that I bought a house f...
Chris Odell
UBIT for Self-Directed IRA
Hello BP,Can someone help explain why self-directed IRA’s are subject to UBIT tax on non-recourse loans but a solo 401k is not? I understand that the 401k is considered a “qualified plan” but, in my eyes they both hav...
Karen Lee
HELOC interest expense deduction
Hi - From what I've been reading there are restrictions on HELOC interest expense deductions. Does anyone know if I take out a HELOC on my primary residence and draw funds to purchase/improve rental property (1) will...
Heaven Burleson
Home Equity Line Of Credit ?
Hello, I'm Heaven and I'm new to bigger pockets.
So, my current situation is I own a house and I don't owe anything on it. I was thinking about taking out a HELOC on my house investing it into a home I see potential ...
Mary Lloyd
Second home or primary residence
My parents have not owned a house before and I currently have a mortgage on a house with my boyfriend. My parents and I are planning on buying a house together using a conventional loan.For mortgage and tax standpoint...