Your lender might have that requiremt for your mortgage. any income from the rental over the interest and property tax would be considered ordinary incomeAnswer- passive income taxed at ordinary rate.

Low-Intro rates, low overall rates, etc.

Without Action, knowledge is not power.

Great tenants, want to keep this one.four properties on a business line of credit, interest only, the interest rate just increased to 6.5%. owe 200k, monthly payment around $1,074.  

It's come time for me to sort out my insurance and I thought I could set it up on monthly payments and this might be a good way to help me start building a credit rating, but it seems that in general, insurance companies won't report to credit agencies unless it's negative. 

Through coming full circle and understanding what we both really want in life, my wife and I have ramped up our savings rate and made a plan to gain independence in life from what "you're supposed to do."

I know from my experience that the investment property seems always little over priced and loan rate is also higher than conventional loan.What do you guys think of 5.35% loan rate for the 30years fixed 25% downpayment at today's?

Set the interest rate at 10%. 

Hey All,

I haven’t bought tickets yet, but I know Tony Robbins is hosting his UPW seminar in Newark, NJ soon.

I’m on the fence about going. I guess I’m looking for opinions from people who have been. Also open to h...

I will have a $220k 30-year fixed rate mortgage at 4.875%.