I want to buy a 4 unit home and live in one unit while renting out the other 3. But later on down the road, i want to purchase another home using an FHA loan to take advantage of the low %3.5 down payment. Will it ...
Hi tax pros - I have a question about REPS status.First, selfishly, do you believe that my job as CEO of BiggerPockets, which I spend obviously spend essentially all working hours on, and dwarfs activities involving m...
I’m getting ready to purchase a 3 family that currently has tenants in place. I will be living there as my primary residence, but all three units currently have a lease in place. I’d most likely be closing in January,...
I'm contemplating renting out an investment property(non-primary residence) on a room-by-room basis with separate longer-term leases for each bedroom. I'm curious if the income from these rentals, listed on Schedule E...
I was living in my house for 5 years. Due to a new job, I moved to a new city in July. My tenant's lease started July 26th 2023. I got a letter from my county tax person on Sept 13 (see below). I don't understand how ...
During the recent period of low interest rates I acquired some rentals with a 15% down payment in order to stretch my cash further toward down payments on additional properties.
This helped with the down payments and...
Hi guys. I'm a new real estate investor just looking to get more knowledge on how FHA loans work. If somebody wants to get an FHA loan, then eventually turn that into a rental (short term or long term TBD), how would ...
Good Afternoon.. I've been reading up a lot about FHA loans and have come close to answering this question. How long do I have to wait to get accepted for an FHA loan after I have sold my primary home. I had a conve...
I'm new too all of this and Im wondering where is this MLS everyone is talking about? I searched it and i find, "TheMLSonline.com, mls.com, realtor.com, and zillow.com all kind of say they are MLS. Are they and what i...
I noticed most applications for home equity lines ask you for the purpose of the loan. I currently have a pending application for my primary home which I currently own free and clear. I was honest with the bank by let...