Hello All,Here's my situation:1st unit - no mortgage2nd unit - has a mortgage3rd unit - looking to buy and use as a primary resident for a few yearsQuestions:1) can I 1031 x/c the 1st unit to pay off the mortgage of t...
We hear about it all the time on Bigger Pockets and for good reason. House Hacking is a fantastic way to get the snowball of real estate investing rolling. A term created by Brandon Turner, although he probably stole ...
Hello Everyone,If my mother is to gift me $50k and I set up a payment plan to repay her, how does that work with taxes? I had never heard of being taxed on a gift (silly me). I was originally going to use the gift a...
I've been researching for a few months, and my wife and I are interested in doing our first flip soon. Unfortunately, I'm having a hard time figuring out what to do with financing - especially with holding costs. Our ...
Good evening to everyone! I'll keep this post short and sweet: We are currently buying two properties under 50K each, but total purchase price for both properties would be 80K. Unfortunately, we have seen that many le...
I currently have a contract on a great property with a HML who offers 100% Financing. Because the property is in a gentrifying area, the 100% Financing option doesn't fit this HML's criteria so I'd need to bring rough...
I own a free and clear home that I want to renovate and sell. If I get a HELOC or HEL, I believe I have to homestead the house before applying for the loan which means waiting until Jan 1st. I don't know that those ar...
Just starting out
1-have mortgage, personal loan, and car loan.
2-not much extra money
3- i want to start investing but when do i start? I listen to podcasts and read as many books as i can but I’m itching to do my ...
Hello all!
I wanted to get some different opinions on how I can go about to fund a rehab.
Context:
My parents were generous enough to sell me their house with a large amount of equity. We recently closed on the pro...
I have a single family rental that is in my mom's name, but I have been solely managing for 10 years. I collect the rents, report the income and pay all the expenses. I attempted to do a cash out refi into my LLC, an...