I have read, but want to confirm that I can report forgiven rent payments from a tenant as income to the IRS. The tenant moved out and owes me for last month and a half rent plus utilities. Instead of going after th...
Hello!My wife and I are exploring real estate as an income source to help us pay off our student loan debt and achieve the lifestyle we want. I realized some time ago that I would not be able to reach my financial goa...
Disclaimer: I live in the SF Bay Area (aka reallllly expensive to buy anything).Help me understand how lenders view debt. So let's say I purchase a SFH for $800k and put down 160k (20%). So now I owe 640k. For that ...
Hi all - could use some advice. My spouse and I are in our early 30's and the pandemic was the turning point that really made us get serious about money. We are slowly learning more and more about what it will take to...
Hi BP,Myself and two partners are looking into getting a commercial loan to buy a 6 unit building. We've spoke w/a few different local commercial loan officers, who all say that they require each partner to qualify fo...
I have, unfortunately missed out on several investment opportunities over the last couple of years due to my financial situation. My goal this year is to clear up my finances and start building my liquid savings to be...
I am 20 years old and trying to learn as much as i can about real estate so that when i graduate college and have a steady income Ill be able to make smart investments hopefully leading to financial freedom. Now I am ...
I have two options 6.625% 30 year or 6.15% 15 yearI want to invest aggressively in the near future on more propertiesThe loan is only $110k and the monthly payment for 15 year is $563 and $750I will earn 2-3k a month ...
Hi I am excited to start my journey at 20years old into not just real estate investing but also financial literacy. I’ve come to BP to learn real estate but most importantly understand the amount of work it requires t...
Im scared, but super excited to the point i haven’t been able to get full sleep. After so much sacrifice of building credit, getting out of debt and saving money i finally pulled the trigger. I’ve been pre approved fo...