Patrick Staker
Help choosing the correct path
We bought our house almost 2 years ago for $115,000 and have about $100,000 left on the mortgage. It's on a 5/5 ARM currently at 2.5%. I'd estimate our house is worth $160,000 currently with the work we've put into ...
Dustin Blackmon
Where have your investment purchase deals come from in South TX?
I am curious to see where are you finding your real estate deals in our area? Are you buying from a wholesaler, the MLS or have you been creating your own leads for properties?
In the past I have purchased all f...
Laurence Walsh-Hodson
Wholesaling
Hi Friends,I want to start wholesaling in near Los Angeles (Glendale, Pasadena, Montrose). I'm looking to get pre-foreclosure houses under contract to sell. I'm wondering if people have had more luck with bandit signs...
Nick Peraino
Broke. Excited to learn.
Just want to introduce myself. I'm in Pensacola, FL. Recently hadm.y mind blown by Rich Dad Poor Dad.My family and I have been slowly climbing out of debt, mostly due to medical bills from my Crohn's Disease. So a go...
Gregg Hutton
401k to use as down payment
Greetings to all, I am currently looking to purchase a home using my 401k as a down payment. I recently came across on BP the blogs about Non-Recourse Loans but wasn't sure if it applied to me. I am looking to purchas...
Bruce Olsen
Does an Office space count as owner-occupied?
I have recently been told that a property owner can qualify for a conventional loan (which requires the owner to occupy the property) by maintaining an office on the property. For example, a landlord owns a duplex, an...
Rolando De la Cruz
Who gets to know you are house hacking and who doesn't?
This question might be broad but I am talking specifically between the seller, the lender and the realtors. If I am getting a primary residence mortgage loan for 3.5% down, Is the lender allowed to know that I plan t...
Steve Hungerford
Can I do a 1031 with the capital gains portion of the Sale......
Hello,I have a property with a lot of capital gains that I wanted to use some of the basis portion (basis plus the 250K exclusion) to buy a SFR. If so how do I do that ? Can I use the amount I believe is the capital g...
Juan Montes
Newbie Investor Making a Change
Hey All, I’m an electrical engineer by training and have been working in the electrical utilities industry for 15 years.I’m tired of working for someone else! I would like to be more financially independent. Just rece...
Mike Jones
Help me understand what this means?
So this recent news sent to my email from BP with a link to:
http://www.biggerpockets.com/renewsblog/2013/01/01/fiscal-cliff-real-estate/
Says:
Additionally, the passed bill included an extension to keep tax-free the...