About 2.5 years ago I purchased my first home and took advantage of the first time home buyer tax credit. The terms of the tax credit required that I live in the house as my primary residence for a period of 3 years....
Can you still do it? Is it worthwhile? It seems to me that there are soo many deals out there that it may be a waste fo time to take over the current mortgages. Are the banks even willing to work with people?
I am looking for opinions of others to see if I am in the wrong or if my partner in a flip is. About a year ago my Father and I purchased a house. He paid for the house and I was to pay for the rehab and we were bot...
Hey guys. Cash flow. What do you do with it? I've been looking at rentals and getting the game plan together. I always assumed that cash flow would be saved to purchase the next rental. But it was suggested to me here...
At what size is it necessary to find a property manager to run the property for you? Also, what is a typical rate/what are their responsibilities? (I've seen 10-15% of NOI but not sure if that's true). How do you go a...
Hey everyone! I just wanted to put myself out there, and see what opportunities exist. I am looking for a Mentor, I understand that asking someone to give up their time and energy for me, for very little in return is ...
I live in New York, and have family in PA, NJ, and FL.I have a family of about 25 members who would like to pool their savings into one account, and each member would like to have the option of putting their savings i...
What are the most critical questions to ask a new contractor when you are going through the vetting process? For example let's say I'm preparing to do my first flip but I do not have a specific property yet and I'm ju...
My property is in an upper unit in a condo with an HOA. (picture below)
Issue: One day, a pipe under the floor leaked from your unit into the downstairs unit below through the kitchen AC vent, causing damage to the...
Hello BP,First of all, thanks for reading yet another introduction :-). Young adult here (soon to be an old adult in one year when I hit 30), who finally decided it was time to do something with his savings. I've been...