Hi everyone. I am new here so please be gentle. I have been doing a TON of research and am new to the world of real estate investing. I have consumed a ridiculous amount of information and at this point everything is ...
I have my first rei property under contract and we are scheduled to close this Thursday. The price agreed was $47,000 plus the seller putting $2,000 towards closing. Today the title company sent the seller and me the ...
hi,I opened a business in the USA in 2017 to sell fishing trips to the Brazilian Amazon intermediating the best outfitters. With company's profit invest in real estate in the USA.We were starting to move on when the w...
We have 2 duplexes in a LLC. We recently bought the second duplex and put a lot down. So there isn’t a lot left for unforeseen expenses. I haven’t ever paid myself anything as I was always trying to put away for any e...
I recently purchased a duplex with 1 long term tenant, 1 shorter term. It's in a recovering area and rents are reasonable. Our short term tenant had a third party paying their rent before, but this is the first mont...
I have a tenant (Couple) for 7 years who is late 11 months or more out of a year a year. Pays late fee, is sometimes a month or more late, catches up and then again becomes late with again. All excuses heard includin...
If a mortgage is paid off right before selling the home, can we exchange all the proceeds of the sale with no tax consequences?
For example, suppose a home is worth $400,000 with a mortgage of $160,000. If the mortg...
Hi BP Landlords,
I have a military tenant and he just called to say that his February rent will be paid “as soon as the Government Shut Down is over.”
What is the best way to handle this situation, especially as the...
Hello fellow investors. I had a question. I am selling an investment property and wanted to understand capital gains correctly. When I purchased the property I put down 25% downpayment of my own money + closing costs....
Hope everyone is having an awesome Tuesday!Would you guys do a cash out refi on a property purchased with cash, simply for the purpose of writing off mortgage interest? I believe you can write of interest up to a max ...