Jonathan Stastny
Elder law, Medicaid Spend down
I have a question for anyone familiar with medicaid and elder law. My friends Grandma owns a home that she owed money on, but has over $4,000 in equity(the max asset value allowed in my state.) I know that once medi...
Jevon Burks
Hard Money lending advice
Would it be wise or beneficial for anyone to use hard money to fund repairs on a home that you are selling owner finance? I have a property that I contracted on for $70,000. It needs about $20,000 to get it back to re...
Wilkerson Joseph
First property under contract. Advice on financing
Hello Everyone!After countless hours spent on locating, analyzing, viewing properties that matches our ideal guidelines, we were finally able to do so this past Friday! The property is located in the Wilson Manor subu...
Al Pat
Yard maintenance for Duplex
I own several SFH where tenants are responsible for yard maintenance such as lawn care etc. I am closing on my first Duplex next week and learned that previous landlord is providing yard maintenance and pest control t...
Robert Hastings
capital gains on rental prop?
i paid 25k for a house in december of 2016. i was offered 59k today to sell. that's a 34k profit. does my effective tax bracket when i file with my wife, effect my capital gains tax in this situation? i'm not looki...
Timothy Metra
What can I claim as business expenses?
I'm not sure if there's another place I should be asking the specifics on this question due to the fact that all states are different, but I couldn't find much with my research.I'm in the process of starting an LLC, b...
Michael Gulbronson
New to the Raleigh area and looking for info!
Hey everyone! I am new to the Raleigh area. My company was looking to expand and I jumped on the opportunity to relocate from the Tampa, FL area. Here is my question, in NC, when there is a credit issue with a client ...
Lindi Nguyen
My first offer accepted on an SFH! Financial Modeling gut check?
Just got an offer accepted on my first investment property!! Anyone care to take a glance at my financial modeling - see if any errors jump out at you?https://docs.google.com/spread...
Jon Weaver
Increasing rent. Owner occupied duplex
Hey BP,My wife and I recently bought our first investment property as a owner occupied duplex. We moved into one side and the tenants on the other sides lease is up Dec 31 2021. The current rent is about $400/mo lower...
Jack Taylor
First-time homebuyer definition/early IRA withdrawal downpayment
I am looking to buy a home and may need some additional cash to complete the down payment. I have a simple IRA that I'm considering withdrawing from to complete the down payment and was hoping to fall under the "first...