Douglas Rice
What should I do? I accidentally have two houses...
Long story short, I had my house 5/4/3 on the market in Frisco Tx and was going to sell it and downsize. I work out of state and it is just my wife and son. I was going to move them into a 3/2 SF just north of us. I m...
Byran Parson
Good plan? Over-leveraged?
I have a plan that I'm throwing around. I currently own one rental property that is paid off. Cash flowing around 500 a month. I have a primary residence, house is worth 135k and I owe 65k. My current income is a...
Parth Patel
Dumb Question: what if you house hack and live elsewhere?
Lets say I were to purchase a 3 unit home, and I were to set my primary residence to one of the units, but I lived elsewhere....is this illegal? I’m not trying to break any laws, was just curious. Are there any conseq...
Brady McCall
Future Investor from Georgia
Good morning everyone, my name is Brady McCall and this is obviously my first post here on BP. I have been listening to the podcast for quite sometime now and just absorbing information. I am actually listening to Epi...
Marco Morkous
How to manage fear?
Sometimes the numbers make sense but my mind will make excuses such as. What if it doesn’t sell at the price you want after rehab, what if, what if.. Other times: I have a good deal but don’t pull the Trigger due to t...
Alex Bargar
Structuring a partnership with equal capital but unequal labor?
Hi BP community,
New investor looking for some help creatively structuring a partnership. I'm looking at making a purchase with a long time friend. We'd each contribute equal capital into the partnership, but our com...
Michael Medaglia
Seeking Private Letter Ruling from IRS
Hi everyone,I found PLR 200745011 which similarly represents my family's situation with some key differences. I want to request a private letter ruling from the IRS on my particular situation but need the ruling reaso...
Jaspreet Mavi
Does 2nd primary home qualify for 5% Down?
I bought my first home in may 2019. I decided to refinance since interest rates are low. My refinance is with a different lender this time. Does my one year requirement to live in primary home starts all over? I am lo...
Champ Leong
How to reduce capital gains
CPA'S? : I'm looking at approximately $5,500 in capital gains tax from the sale of my house. How can I reinvest the $5,500 into an investment property and legally have ZERO in taxes to pay? TIA!
Marc Hoeppner
Realtor in Evansville, IN (Southwest)
Hi everyone!
I'm Marc Hoeppner and I'm a relatively new resident, realtor, and investor in Evansville, IN. I've joined a family member's real estate team to gain experience from the broker perspective and plan for t...