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Hi. We own a fairly high end rental house in NYS. The tenants renewed for their fourth year in July. Before signing, they asked us to reduce the rent because they had lost their jobs due to Covid. It was already w...
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Dear Bigger Pocket community,I am evaluating a few properties in East Valley Arizona. Multi family inventory is low here for my budget so I am starting to look at SFH. Many of the SFHs in the area come with a pool. No...
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Should a house hacker have an LLC? If so, does the property have to initially be purchased through the LLC? Or could I buy it in my own name with the advantages of first-time home buyer financing and then create an LL...
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Good afternoon, I could really use some advice on how do deal with a UCC lien, Couple three weeks ago I applied for a home equity loan to fund a rehab project, As the bank ran a title search they found that I had ...
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I'm considering a deal I've been offered by someone I trust but whose terms I'm not so sure about compared to norms. Would like to get some guidance on what others have seen.This guy owns a property management company...
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We were under contract to purchase a distressed property which we have plans to renovate and rent out. The seller asked for one 2 week extension on the timing to clear a lien, which expired 3/15. On 3/25, the seller...
Hi BP'ers! New to the network and had a question. I'm exploring a potential house hack in Washington, DC where I live. I'm trying to understand the tax implications of how I would set it up since it would be a single-...
Hello all,Would love to hear thoughts on my situation and how I can move forward from here on my real estate investment journey. My situation is as follows:I purchased a 3 family rental property for approximately 155...
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I have a SFR in California that will be sold and looking to use proceeds to buy apartment complex or storage facility. Class A or B is preferred, not interested in bad areas or low income properties. I should easily n...
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Hello,When using a HELOC to purchase another property is the interest not tax-deductible? I read that the interest is only tax deductible when used for improvments to the property used for the HELOC.We are trying to ...