Shreed Sista
Creative Financing for Owner Occupied (63%) Commercial Building
Hi All!! Newbie here,I'm currently 1 of 2 tenants in the building I'm interested in purchasing. The owner is open to selling (not cash-strapped or anxious to sell necessarily), but with the potential sales price and...
Mike Rash
First Purchase - Rental Property - Need Advise - Philadelphia
I am purchasing my first rental in Philly and need your opinion(s).
Here are the facts:
Location: ZIP- 19125 - Kensington / Fishtown
Single Family - 2 Bedroom / 1 Bath - 900 square feet.
Completely Rehabbed in 2007 (...
Chris Vasquez
Attn BP pros! I'd like your opinion please.
I would like some opinions from the Pros here in BP. Here is my situation. I currently live in a property which is actually to big for me. If It sells at market price. I will net approx 40%. Which will double my cash ...
Justin Hall
401k loan for first investment property
Should I take a loan from my 401k to put a down-payment on my first real estate investment?
Curt Smith
How to file taxes on a sandwich lease option
Hi Guys, I searched BP for tax prep help, didn't find any tax prep helps for a sandwitch lease option.Bought on a lease and option. Zero option fee, lease is the sellers mortgage payment: $798/mo. I pay for fix ups...
Stanley She
Deferred gain is MUCH less than recognized gain, why
I bought a rental property 7 years ago for $198000. Last year, I sold it for $400000. For the sake of simple discussion, let me ignore all purchasing and selling costs. So, my gain is 202000. Within one month of the s...
Adrienne DeBauche
Airbnb tax benefits/advice question
Hi all! My in-laws are looking to capitalize on some of the amazing tax benefits of an airbnb (that we have heard about on a couple of the BP podcasts). They are custom home builders and will be making extra income th...
Carl Kallgren IV
Lawyer vs. Accountant - who first?
Hey BP fam!Newby investor from the NC Triad area - Greensboro, North Carolina. I've got my first property under contract (with a partner), and am looking to talk to a lawyer and an accountant before I get too much fur...
Tim Shin
Want to house-hack a 3/4-plex within 2 years but also want to be able to enter other cash-flow deals with conventional mortgages, can I?
Hi All,I've been listening to @Brandon Turner and @Joshua Dorkin on the BP podcast a lot lately and I keep getting crazy excited about house-hacking a MFR 3 or 4-plex to live rent free and cashflow on a property. Eve...
Jordan Johnson
Trouble with down payment and closing costs
My fiancé and I are buying our first house that will be our primary residence for a couple years then we will rent it. We negotiated with the seller and got the price where we needed it and we have been super excited....