Abe Heaney
Principal portion of the mortgage on a Buy and Hold investment
Hello BP Community,I am new to all of this and I am still in the learning phase of REI. Been reading a lot (rich dad poor dad, etc.) and listening to the Podcasts to try to find which niche would be a good fit for me...
Mike Hoherchak
Analyzing a house-hack, do you include your own "rent" portion?
Since this Superbowl is super boring this year, I decided to analyze some properties for practice. I'm looking to purchase a residential MF and live in one of the units using a VA loan this year. I'm focusing on 3 and...
Pavel Bennett
Second Home Rider and renting out some portion of the house
Hi BP,I would like to better understand the details of the Second Home Rider for Freddie-backed mortgages. It reads:If we're talking about a house that has 2 floors, but is not officially a duplex, would I be permitte...
Johnathan Cummings
Buying portfolio and then selling off a portion to recoup investment?
Hello All, I have a client asking if they could buy a portfolio of 5 properties (at a "packaged deal" rate) and sell off two of them to recoup some of the initial down money needed to buy them. I haven't done anything...
Bharath Raj
How to pay my portion of property taxes only and get credit
I bought a portion of a commercial property (I own 5100 sq ft detached building while the original owner owns 16550 in 5/2017. At closing, I received a credit for pro rata estimated property taxes for 2017. Harris cou...
Jon Begley
Can I expense the labor portion of a capital improvement IE: Roof
I am getting ready to have a roof replaced ($8,500) and the estimate list materials and labor separately. I know the roof would be a capital improvement but it got me think that labor isn't a depreciating asset. That ...
Joshua Thompson
Can I do a 1031 exchange with my portion of a deal?
I recently purchased a house at the court house steps in Baldwin county Alabama. I purchased it with a 50% partner. After we sell the house can I put my portion of the money into a 1031 exchange for the next deal? and...
Irene Navasca
Is this even legal? Ex PM takes entire portion of PM fees?
I am very confused, I have been with a property manager for about 2 years. The property is in South Bend, Indiana. I am a very passive landlord, in fact too passive and trust me my lesson has been learned. I had a ...
Ricky Teachey
Advice for a business plan involving renting large portions of primary residence
Hi all, brand new to the forum and to BP. Heard about it a long time ago but got more interested from @Scott Trench's recent appearance on the Money Guy podcast. I have no previous rental business experience, although...
Bradley White
How do I draft the financing portion in LOI as a wholesaler??
I'm talking to a motivated seller of a 22 Unit apartment complex. I know that if you're making a cash offer in the LOI, you have to explain how it's going to be financed. As the wholesaler who's not going to be bu...