Jay Yoo
Capiral Gains basic questions
Hello Would the capital gains tax happen on the amount after the mortgage is paid off and subtracted the initial invested fund? For example, if a property was purchased for $100k and mortgage $70k and invested $10k pl...
Bruce Zeng
How should I refinance my resident home?
I just discovered BiggerPockets several months ago, but already learned a lot from you guys. I hope you can give your thoughts in my situation.The current mortgage in my resident home is 2.2% 5ARM (loan amount $160k),...
Arjun S.
IRS Section 121 tax question upon sale
I purchased my single-family home in 2018 when I was single. From the beginning, I rented out 3 of the 4 rooms while living in the remaining room. In June 2022, I got married and my wife moved in, and around that same...
Sue Bladek
I need advice please
I purchased 2 duplexes on a land contract.
6.5%
$1600.00 payment.
7 yr contract
15 months into it.
Talking w bank re:conventional mtg. Now that I have enough equity & seasoned I am able to refinance.
Closing cos...
Zachary Rosa
1031 or not!
Hi,
I am planning on a potential 1031 (very early stages) and would like to see what the reinvestment goal would be to maximize the befits of the 1031.
property I would like to exchange
purchase price $515,000
...
Robert Nathan Farmer
HELOC vs Sell rental to buy Multi-unit.
OK all, first time poster here and am looking for some insight. I'm pretty newish to the rental property game (literally only 50% through with the Book On Rental Property investing) I say newish because I have been re...
Richard Rohrbough
Monthly mortgage is greater than rent - What to do?
Hello BP friends. I need your help on what to do with my rental.My monthly mortgage payment is greater than the rent I can get by $150 and the 2023 taxes are going up another $150/month.I’m sure this is a common issue...
Kaygo Haga
Using IRA as source of funds for RE Investing
Hello BP family,I am new to the real estate investing world and to the BP community.I, like many people am interested in the thought/ possibilities of real estate investing but don't much cash to invest with.I have be...
Ben M.
Tax increases killing cash flow
It is nice to have the equity from the appreciation we are having but the tax increase is killing my cash flow. I guess when looking at the equity on the back end it is still a win but this is making things a bit tricky
Jeremiah Belocura
First-time Philly House Hacker
Hi all, first-time [future] house hacker. My wife and I are moving back to Philly and have found a duplex we're interested in, both units being 2 bed/1 bath at roughly 750 SF.I used the BP Rental Property Calculator,...