If i buy a primary residence 🏠 for 120kBut its worth 200k It means its 80k in equity.And my mortgage is 1,200And I do a lease option and se/he gives me 3,000 downpayment and she/he pays me 1,500 per month its ( 1 ye...

I house hacked my Primary Residence for $580,000.00 In January of 2021 ($3,000/month PITI, 548k Principal balance remaining). I originally thought that I could qualify for the loan by myself because my 3 roommates wer...

Hi All,I have a rental property that I sold in 2018. I lived in the property for approximately 2 years, rented it approximately 1. My question is related to my adjusted basis on the home as this directly affects my re...

Hi,This is sort of a unique question that I've been struggling to find guidance to online.  First, my situation:  I own a four-plex that I purchased in May that I do not, nor have I ever resided in.   Outside of our l...

Hello BP Community!  I am in need of some advice/knowledge on Capital Gains Taxes pertaining to my personal situation.My wife and I currently live in CA and are planning to sell our primary residence in the next month...

For government reporting requirements, the mortgage broker company I am working for needs to categorize each of our closed loans as Qualified, Non-Qualified, or Not Subject to Qualified Mortgage Rules. The owner told ...

Hello bigger pockets community,
Wanting 2022 to be the year I get my first investment property and my target area is outside of Austin. I connected with a realtor in the area who referred me to a lender. After weeks ...

I am looking to buy my first property while in college. I have narrowed it down to a 3 or 4 bedroom single family with immediate value add potential. My plan is to rent out the rooms to other students. I have been tol...

What should I expect when applying for a second conventional loan to purchase a primary residence, considering that I have an existing short-term rental property with a year of history and an average monthly profit of...

Hello,
I am a first time home buyer and was thinking of buying an out of state rental property first. The second home I would buy would be my primary residence in a much more expensive area like NYC where I would be ...