Please share any successful principle reduction situation you experienced. Is this really possible? Bringing down loan balance to current market value?

Hi Folks,

It has been great reading all the information that has been posted on BiggerPockets. However, I have a question.

My tenant would like to paint the apartment a di...

Currently mileage is 58ct/mile. A] Does that include everything (gas, repairs, etc)?B] Does the LLC need to own the truck to deduct this expense?--- If not who deducts the mileage? ------ B1] The LLC (and passes it on...

Investment Info:

wholesale investment.

Purchase price: $92,500

Sale price: $110,000

3bd, 2bath, total rooms in the house 8. Near eateries and the Dallas Transit Rail System and banks. Great developi...

I have a 2 yr balloon 35k. Due to COVID-19 seller wants to be paid off amount of 10k. How would one proceed in this situation? Docs that are needed etc. Property is currently occupied with tenant buyer via contract fo...

What is the typical process for requesting a reduction in property tax? Is this based on the value of the home, the price paid for a home, or what exactly? The property in question is in Missouri if that helps an...

I have Fannie Mae Homepath alerts set for the three counties (Tampa, Florida area) that boarder where I live. Normally, there will be up to a handful of price reductions in my daily email, but today I noticed that in...

I have spoken with many investors about how they handle their property taxes and the overwhelming majority seem to appeal their annual assessment only when the value jumps a certain percentage (say 5-10%). There are a...

I have a property in Miami-Dade county that I am attempting to reduce the property tax. Does anyone have recommendations for a firm that they had great results with in the past?

Hey everybody,A bunch of the OMs I'm getting sent include a principal reduction in the financial analysis. It's factored into the cash-on-cash return and increases it so it makes the returns look much better and the p...