Jon A.
Title company missed Common Drive agreement
We have owned a duplex in our area for approximately 12 years. Our elderly neighbor moved out and sold the home to a couple that is currently renovating the property and has produced a common drive agreement from 1953...
Travis Bernard
Deal or financing first?
Hey guys!I am in Charlotte, NC and I really want to get my first deal under my belt. Right now I am thinking a fix and flip is what I would like to pursue in order to build some capital. I have around 10k for a down p...
Henry Lazerow
Rule Change: No longer allowed 5% down home possible - House Hack
Very bad news! Freddie Mac just sent out a bulletin announcing a rule change for Home Possible 5% down to now have a $67,000 income cap (chicago). Meaning if your income comes over this you can no longer do the loan. ...
Mohammed A.
Do I need to pay tax if I sell my rental property in loss
Thanks in advance for your response. Much appreciated. Happy holidays. Another question, does the depreciation is calculated from the time when house became a rental property or I need to include depreciation during t...
Justin Lovelace
Capital Gains on Sale of Primary Home and invest in Business?
I could not find this answer anywhere. Process of selling primary residence, but instead of investing in another property, we are looking at purchase a small business instead. Is this possible to delay or nix capita...
Rob Jafek
UCLA study "Single-Family Rentals: What Drives Investor Return?"
An article that I found worthwhile which may be of interest to some and I haven't seen picked up broadly yet comes from UCLA Anderson and is entitled "Single-Family Rental Returns: What Drives Investor Return?" The au...
Jack B.
If I move BACK INTO a rental, does the 2/5 year rule apply?
I bought the house in 2013 and lived in it for 1.5 years. I moved out and rented the house out for 3.5 years. I just moved back into the house. If I go to sell it in 2-4 years, will any portion of the property sale be...
Scott Kidd
Is Real Estate considered an essential service?
As parts of the country are going through different levels of shutdown. Are real estate transactions, i.e. sales, considered essential services? Are some types of transaction excluded or are excluded. I am looking f...
Aretha Phillips
DTIR -Commercial Loan Included?
Can a conventional mortgage lender include a commercial mortgage that is in a LLC towards DTIR? Can they also ask for receipts of who a large withdrawal went to and where a payment came from for a HELOC?
Sean Ratcliff
Re-capture tax from depreciating your rental
Hello BP,Hope you can help me out. If I was to move back into my rental home for 2 out of the last 5 years I would not need to pay capital gains. My question is what if I depreciated my rental for 15 years and then...