I own a two flat and am currently house hacking. My current mortgage payment includes PITI should I make additional principal payments or save the cash flow for reserves or go toward next investment.
Hello everyone, I'm new to real estate investing and have been browsing bigger pockets for a couple years now. I cant quite find the answer I'm looking for so here's my question:I have found an off market deal in my n...
I began renting my first and only SFR this passed April. Should I use a CPA to prepare my taxes or will my usual online software do the trick this time? Also looking for recommendations. I’m in West Michigan.
hey everyone,So I have a question about using projected rent to purchase rental properties moving forward. Once I file my taxes in a few weeks I will have 2 years of rental income on tax returns which I believe is th...
I am a new rental property owner. My primary and my current rental properties are causing my DI ratio to be more than 45%, so I am not able to qualify for additional mortgages from some conventional banks to buy more ...
My questions stem from velocity banking...1. I know there is a tax deduction for writing off the interest on an investment property is it dollar for dollar?2. Let’s say, an investment property has a mortgage and ...
I’ve been struggling with what my next move should be. My goal is to get out of my 9-5 ASAP, and have my real estate investments replace about $4k of my income. I’m leery of being highly leveraged, but also dreading t...
Hi friends! I purchased my first multi family using FHA in June 2016. For various reasons, I actually regret using CHA. Anyway, I am looking to acquire more and have run into a problem- I don't have 30% equity and can...
Hi guys! Hope someone can help me with this situation. We have a flip that has been on the market for 153 days and it will not sell. Our business partners who can refinance the home won’t do it. We recently had an off...
I have my rental real estate principal and interest mortgage payments going out of my LLC bank account. I believe only interest and real estate property taxes are tax deductible. How do I account for mortgage payments...