Paul MacInnis
Government Grants for Affordable Housing in Nova Scotia
Hi all,I recently had one of my properties burn down. No people were hurt (thank God) but the house is pegged for demoliton.Now, i'm in an interesting spot. I can decide to rebuild or to 'cash out' and just own the...
Thushara Gunasinghe
Using HELOC as the down payment for multiplex
I have about 150K in my HELOC and planing on using as my down payment for multiplex. My Concern is I may not be able to pay mortgage and HELOC from cash flow which is going to be very low due to price of houses in my ...
David R.
When buying a For Sale By Owner, should you still use a Realtor ?
If buying an investment property that is FSBO, is it worth the extra 3% to have a realtor involved as opposed to simply a lawyer ? Likely this depends on the complexity of the property, but this one is a 2 unit 130k ...
Stefanie K.
Tax Free Gains for Primary Residence (2 of 5 moving to 5 of 8)
Hi BP - Curious what others have done when faced with the deadline to sell under the current "2 of 5 year" rule and soon to be "5 of 8 year" rule in order to take gains tax free on a primary residence.We own a very ni...
Michael Alvarez
Cost basis of partially inherited real estate
My mom passed away a few years ago, and the main asset that she left behind was her house. I have three siblings, so each of us were entitled to 25% each. However, my two youngest siblings did not want to keep their i...
Tyler Galloway
Should I purchase a 2nd rental property out of state?
I live in the Southern California market and am beginning to consider RE investing. My wife and I already technically have a property (we moved out of our condo and have been renting it out with a $700/mo net).
Our b...
Andy B.
Which high occupancy market would you recommend for a STR with a budget of $750k?
Goal: Invest in a STR with full year demand where the risk of not breaking even is low (high occupancy) and decent cash flow. Preferably markets that are within a 3 hour flight from NY.Budget: $750kI was thinking of g...
Roy Mitle
15 year vs 30 year
So I was thinking of re-financing. I have a 30yr fixed and was thinking about 15yr fixed because of the lower rates. The difference on conforming (417k) is about .75%.My monthly payment with 30 yr fixed was 2082 (4.37...
Roy N.
Cost appropriation on note origin
Hello BP,
I've been approached by a would be borrower for a loan under $50K with a three year term. The borrower has offered an existing property as collateral: a performing rental appraised at ~350K. ...
Elizabeth Bryant
100% financing with no PMI vs. 5% down payment for first home.
I am new to the group and will be purchasing my first home. I am eligible to benefit from VA benefits with 100% financing and no PMI at 3.5% interest. I also have another option of 5% downpayment and 3% interest rat...