Investment Info:

Single-family residence fix & flip investment.

Purchase price: $600,000

Cash invested: $70,000

We bought this home with the intent to live in it. As of now, we are currently stil...

I was searching for a lender that would allow me to establish a LOC on one of my properties that has a fair amount of equity. As you know most banks require it to be your primary residence,  anyway after some conversa...

My wife is a non-resident alien and our family of four live currently overseas. I own a mortgage-free property in CA and it is used as a rental. We file tax seperately, in other words she doesn't pay US tax on her inc...

Hey gang, need your advice.. I have a tenant that has not paid rent for over 4 months starting Jan/2020 - Pre-COVID19. We retained a law firm to help with the process, and they have served the CA 3-day notice to pay o...

Hello BP:We recently used a portion of our HELOC as a DP for our 2nd investment property.  I'm reading that interest on a HELOC can be a tax deduction.  Is this correct?  Am I able to write off the HELOC (2nd investme...

I have a residential real estate LLC with three properties. Someone is going to buy out my current partner and become my new partner. I am making list to designate each of our responsibilities. I am also working with ...

Can I get REP status/hours while renovating and converting our primary residence into a fully furnished rental property by end of 2023?
(Through this extensive renovation, I will meet the IRS guidelines for REP [&gt...

Hello BP Family,After a ton of research on BP, reading the forums, and listening to podcasts - I took the leap and purchased my first rental property in July.  I acquired a 4-plex property in Tacoma, WA using a 3.5% d...

I'm in the military so I'm eligible for a VA home loan. My wife and I were recently able to get to a point where we can possibly get a Joint VA home loan when I get off my current deployment in the next few months. I ...

I have a couple of rental properties outside of US which pay for themselves. Do I have to disclose them when I try to get a mortgage from lenders in the states?