I'm closing just after the first of the year on a 5 unit building. I own a duplex currently that is my primary residence so it is easy to self manage - but this new building will be a new adventure. All units are curr...
My wife and I own 3 rental properties and our primary house. We both have W2 jobs and gross about $130k together. We are not real estate professionals. My CPA says it’s best for us to take the standard deduction despi...
I have a rental townhouse that we wish to sell when the current lease is up, in about a year. We owe around $100k and its valued at roughly $185k.My question is how will I be taxed due to the capital gain if I do a c...
Hi All,I'm a new-ish member from Detroit, Michigan (don't hate on my poor city) on BP. I've been creeping on the forums and blog posts for a little while now, and i've finally decided to say hi. This is only my second...
I want to use an HE loan or HELOC to finance my first property. I cannot afford a cash down payment. I do have several hundred thousand dollars in equity on my primary residence. I live in Virginia, but want to invest...
I bought a duplex with 5% down conventional to house hack 8 months ago and I’m starting to look for another multi-unit to do the same with in a few months. I asked my lender how low a down payment he’s offering on con...
Purchased a 1031 exchange property September 2020 just as California gov (and now the Fed Gov) extended the Pandemic eviction moratorium. Relinquished property was a successful commercial rental for over ten years an...
Hello all, I purchased a duplex in October last year using an FHA loan. I want to move out but I understand FHA loans have a one year owner occupancy requirement. I was wondering if it would be possible to qualify for...
Hi everyone, I have been investing in real estate for years. Owns about 20 units rental. Recently upgrading my primary housing. Really like a coop. In New York coop unit is a purchase where you have to provide all you...
Hello Everyone,I'm under contract with a 1920 year built duplex in south part of Meridian Kessler (between 39th st and 40th st) for $205,000, 4 bed 1 bath on each side. One side is vacant and is completely renovated,...