Gary Newsom
Need help for a mother in law situation
Help appreciated in suggesting the best way to accomplish this. I will lay out the details and then the question. My mother in law is 85 years old. She owns her house (modular home country setting) free and clear. It ...
Wayne Popelka
Looking for advice on a unique inheritance situation
Hey everybody!My wife and I are just starting out on our journey. We're gearing up to buy our first property and we've also a unique situation surrounding a property on my wife's side of the family that we're looking ...
Alex Silang
What event would trigger a STR -> LTR situation?
Reading the old posts on this STR subreddit for a bit, I see it's not uncommon for people to want this parameter for their STR property. This is a difficult thing to do in today's market. What would trigger this thoug...
Julia Carminati
Newbie - weird situation, now sure where to start
Hi all, I've been lurking around BP for a few weeks now, and have been second guessing whether I should wait to begin my REI ventures. My husband and I are currently renting our home and looking to buy a primary resi...
Justin Summers
$500k Primary home capital gains exclusion - Odd Situation.
So, my question.
I have a house (Property A) that I lived in for 10 years but moved out of it and into another property 2 years ago.
(Passed The lived in 2 of the past 5 years test)
Property A has 3 bedrooms and ...
Joe Kessler
Odd situation - getting a rental contract in place
Hi there,We just did our first deal to buy a townhome in our area at well below market value from a family friend. Basically, they had bought the property for cash about three years ago as a place for their daughter ...
Laura Spaulding
Need advice on Section 8 and PM situation
I have a question I need some guidance on. I purchased a home to hold as a long term rental in GA. I am an out of State investor. I hired a property manager who showed the property for about a month and told me he wa...
Adama Bah
How to pay less tax with this situation?
Situation:1- W2 employee making $230000-$300000 a year. 2- owned 2 properties under personal name, 1 in LLCWhat are the best way to get tax benefits ?Renovated a house-hacked but because of the income, we could not de...
Carlos Cuervo
how can I avoid usury in this situation
Heres the deal amd I hope I dont confuse anyone. client hires an attorney to buy bank thier loan from the lender. house is worth 160k, loan is at 140; with 8.75% rate. lender is willing to take 75k. now lawyer co...
Dustyn P.
Starting out and need advise on current situation
We purchased a house back in 2017 for 140k that is now worth approximately 265k. Current payment on it is around 900 with about a 4% interest rate. The expected rent is 1,600/ month. We purchased another house and a...