Tips on Property Investment|The Best Investment Properties Advice
Mar
25
niconbc asked:
In other words, will the bank ever go after the equity on my other property or my salary once I get a job and steady income?
Jennifer
In other words, will the bank ever go after the equity on my other property or my salary once I get a job and steady income?
Jennifer
Mar
23
Filed Under (Property Investment Advice) by admin
tiltonknewman asked:
I am about to purchase a townhouse in lexington,ky for 28,000 the value of the house is 41,000. I’m wondering if I could use this house to make a down payment on another? Also if I take out a loan using the investment house and then sell the investment property to move into another house will anything happen.. i mean can i do that, or do i have to keep the investment house until i pay the loan for the second house off?
Jacqueline
I am about to purchase a townhouse in lexington,ky for 28,000 the value of the house is 41,000. I’m wondering if I could use this house to make a down payment on another? Also if I take out a loan using the investment house and then sell the investment property to move into another house will anything happen.. i mean can i do that, or do i have to keep the investment house until i pay the loan for the second house off?
Jacqueline
Mar
19
Filed Under (Property Investment Advice) by admin
Janochka asked:
I heard there is no tax withholdings for a CA resident if investment property is in NV, because NV is a no tax state. Is this true?
I think I asked the Q wrong. The escrow company when I closed the home said since I don’t live in NV I don’t need to withhold 3 1/3 right now and I will just file end of the year. But my accountant says I still need to send in the estimate now and then the rest of the tax if needed end of the year.
Dennis
I heard there is no tax withholdings for a CA resident if investment property is in NV, because NV is a no tax state. Is this true?
I think I asked the Q wrong. The escrow company when I closed the home said since I don’t live in NV I don’t need to withhold 3 1/3 right now and I will just file end of the year. But my accountant says I still need to send in the estimate now and then the rest of the tax if needed end of the year.
Dennis
suave asked:
I ask because when I look on-line, it asks if the house I want to purchase is a primay , a second home, or an investment property.
Kathleen
I ask because when I look on-line, it asks if the house I want to purchase is a primay , a second home, or an investment property.
Kathleen
Mar
17
texas.fight asked:
I am being required to purchase Rental Loss Insurance by my lender for a 4-plex investment property. Do you have any suggestions for insurers who might offer a good price/value?
Shannon
I am being required to purchase Rental Loss Insurance by my lender for a 4-plex investment property. Do you have any suggestions for insurers who might offer a good price/value?
Shannon
curious asked:
Is there a software program or an equation to figure out how much down payment to put on a property, given the amount of rent income anticipated, minus all the expenses (taxes, upgrade, etc.) to produce at least a balanced or even a positive cash flow?
Sue
Is there a software program or an equation to figure out how much down payment to put on a property, given the amount of rent income anticipated, minus all the expenses (taxes, upgrade, etc.) to produce at least a balanced or even a positive cash flow?
Sue
Mar
02
Filed Under (Property Investment Advice) by admin
Mystery Man asked:
Hello,
Hello,
How do I start a LLC and transferr my investment property to it? Please help. thanks in advanced.
Gerald
samrayiii asked:
is it possible? is it permissible? i want to buy a plex and on the verge of closing a hardmoney loan to get it, i have the score for conventional stated just not the downpayment required. I have a real estate investment LLC, would it be possible to get an SBA loan just for the downpayment in order to get me started. any all tips welcome. thanks
Russell
is it possible? is it permissible? i want to buy a plex and on the verge of closing a hardmoney loan to get it, i have the score for conventional stated just not the downpayment required. I have a real estate investment LLC, would it be possible to get an SBA loan just for the downpayment in order to get me started. any all tips welcome. thanks
Russell
