Nate Martin
What would you do in this situation? First investment property!
Hey everyone. First post asking for advice. =) Purchased a duplex for 90K on a land contract in August. About to close on it Friday the 26th and buy out the sellers mortgage with my own. His mortgage was 140, so I wil...
Austin McNichol
Does an FHA/House Hack Make Sense in My Situation?
Hello,I am in my mid-twenties with a full time job that pays pretty well. Right now, I live at home with my parents in Central NJ. They are great and do not charge me rent or anything, so I am able to save and invest ...
Armando Montrond
Frustration/venting post any ideas about my situation with DTI
Here is my current situation. I currently am house hacking a 3 unit home in Worcester MA. (FHA at 2.25%) I have lived here for 1 year and want to purchase another property with a low down payment. I have found credit ...
Catrina M. Crowel
Need Sound Advice for Current Scenario/Situation Re: Commercial Property
Hey there BP Peeps ~ I put a call out to my Attorney friends in the industry BUT. . .I figured I'd put this question out there to the community as well, as I'm waiting for a response. Without disclosing property detai...
James Robert
So many options, what would you do in this situation?
I have flipped a few houses now with conventional loans getting started. Made some good money. Bought a 325k house in one of the best neighborhoods. Worth about 450 if fixed up. Been here 6 months with a roommate that...
Gene Jung
how to start: what would you do in this situation
I have been doing very suboptimally (e.g. taking a large stake in money market instead of riding on the stock bull run). Here is my current situation as I start to consider investing in rental properties; the fact tha...
Jeremiah O
Advice on a complicated situation (at least complicated to me)
Hi all,
My wife and I purchased a home 7 years ago (at the high point of our market). We still owe more on the home than it is worth. We are considering moving and I am trying to analyze each option. My 2 ...
Account Closed
Probate situation - best way to approach and close the deal
Hi BP Nation I'm looking for some feedback on how to approach and close this deal!Situation:Met with 2 executors of an estate located in a nice east side suburb. They are not related to each other or the deceased pro...
Jeremy Miller
Trying to make the best out of a bad situation
Hi all, Background: So long story short, my wife and I are getting separated. After taking everything into consideration, it makes the most sense to let her keep the house.Question: A friend and me have been looking f...
Sean Wallace
I have a very confusing depreciation situation. Can anyone help?
Rental property is a duplex.2019 - Lived in one side, rented the other. Claimed depreciation. (Not sure what options I chose to depreciate with.)2020 - Lived in one side, rented the other. Did not claim depreciation. ...