Mike H.
Conventional refi cash out - 6 mos seasoning was completed
I just have to put this out there because I was taking quite a bit of flak from one of the members on here who said a conventional refi could not be done with only 6 mos seasoning.
Not only did another BP member just...
Bienes Raices
Determining basis of REO property (rental)
If you bought an REO property (to be used as a rental) that needed substantial repairs and the market value is higher than what you paid for it, how do you determine the basis for federal taxes?
I have been told vari...
David Stefanovic
Using 401k to pay off Debt on Investment Properties
I always thought it would be great if I could take out what I have saved in my 401k and pension plan through my employer and use the proceeds to pay off all my mortgage debt on my investment properties now, as I look ...
Byron Oliver
Process to wholesale preforeclosures or foreclosure
Hello all who respond and read. I have come across an entire subdivision with the exception of a few houses that are in the process of preforeclosure or foreclosure. What steps would i be able to take to wholesale the...
Will Spruill
Lending Questions
I've been dealing with US Bank trying to get a loan to get capital out of two out of state rental duplexes. Long story short, I've gotten nowhere. My question is, what is a better lender for this type of situation? ...
Matt James
Where does HELOC stand in the order of lien priority?
We bought a property through county auction. There was a HELOC mortgage put on the property years ago and the property has been transferred 3 times since that HELOC. Obviously our title search did not find it prior ...
David Garcia
Looking for info regarding working with a partner that has the ca
Hello BP, I am new to biggerpockets and have been researching RE for about 6 months. With all of the great info here on BP, YouTube and reading RE investing books I have soaked in a lot of info. I am looking to buy m...
Albert Johnson
Potential tenant has eviction
I have a rental that has been vacant for a month and a half. It has a lot of interest but few potential renters that actually want to move forward beyond that. (I feel like my pre-screening may be keeping people from ...
Shay Kent
Do we owe capital gains? I disagree with my cpa. advice needed, thanks!
We lived in our primary home for 3 of the last 5 years. We rented it out for a year and then sold it. Do we owe capitals gains on it?Our CPA says that as soon as we rented it out it became a business and we have to pa...
Spencer Wardwell
Where to invest out of state?
I have $50K set aside to invest in real estate.
As I live in LA, I'm looking to be a remote investor, looking at more affordable markets.
I'm only interested in buy-and-hold properties for rental income (and apprecia...