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29 March 2024 | 1 reply
Hello biggerpockets,I am trying to understand all the potential *legal* issues I can run into by trying to split a regular single family home that is zoned as such into essentially a duplex with 2 separate tenants, one living in the house and the other in the basement.
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29 March 2024 | 13 replies
I learned a lot of about seeking out potential properties and financial analysis.
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29 March 2024 | 1 reply
This withholding is an estimated tax on your potential capital gain taxes.Estate and gift taxes: If a foreign investor buys U.S. real estate under their name, the real estate property will be subject to U.S. estate tax upon the death of the foreign investor.
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29 March 2024 | 8 replies
It's a key strategy for homeowners to consider when planning their sale and assessing their potential tax implications.
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28 March 2024 | 1 reply
You can find a lot of opportunities in the Sunshine State, whether it's the vibrant atmosphere of Seminole Heights in Tampa, the undeveloped potential of East Tampa, the budget-friendly options in Clair-Mel, the urban cool and community warmth of South St.
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29 March 2024 | 6 replies
I personally recommend that if you have good debt on the first one to take a heloc, and if your debt is meh to potentially look into cashout refi’ing on the 1st building and keeping your eyes open for the next opportunity :) Analyze both accordingly and talk to your lender as well as other investors to get their thoughts!
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29 March 2024 | 2 replies
Something I want to do, is a potential BRRRR on an SFR or 2-4 unit in the Midwest.
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29 March 2024 | 1 reply
However, it would provide us with the necessary funds for the repairs and potentially a down payment on another property.
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29 March 2024 | 11 replies
I was envisioning a two part calculation for the monthly mortgage payment - I see it as a VA loan analogy with no money down but the loan structured with two interest rates (one for the TSP down payment and one for the 30 yr fixed rate mortgage).I guess the real question to ask myself (using your situation as the model, assuming positive cash flow once TSP is repaid) is whether I am okay tolerating the potential 60 months of negative cash flow to get to the positive cash flow after 5 years.- Maybe if it gets the deal going and leads to a cash out refinance before the 5 year mark that allows me to speed up the TSP pay off.Wow - Great food for thought.
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29 March 2024 | 7 replies
I’ve been searching in the Sherman/abilene areas for potentially starting out.