What is PMI? PMI, or private mortgage insurance, is a lender's protection in the event that you default on your primary mortgage leading to foreclosu...
I am a first time home buyer trying to start my real estate portfolio. My goal this year is to buy a rental property that I can lease as soon as I close or after some minor repairs. I am open to single family homes an...
Hi guys,
Had a few questions regarding recapture tax and was hoping someone could help.
1) Recapture tax is a federal rule/law and not at the state level correct?
2) Will you owe recapture tax whe...
Securing a duplex and house hacking one side. Each side is 3/2.5. Would it be wise to install a RING doorbell to monitor who goes in and out of the unit since I would be renting out by room? (renting out by room would...
Hey everyone! My wife and I are planning on buying our next primary residence and converting our current primary residence to a LTR. We will be developing a lease agreement to have the ability to purchase our new prim...
My accountant is worried about my home being sold some day, and the rule about 2 out of the last 5 years rule?
I'm looking for some help with the IRS rule 262 Or Publication 523.
I've owned my principal residence ...
“More valuable homes are likely to cash flow less, if at all, than lower value homes”I hear this repeated a lot and haven’t yet heard or found the explanation. I assumed that more valuable homes would simply have much...
Hi my name is Dominick Stogner and I am very new to the real estate game. I hear a lot of talk about a 1031 exchange. So my first question is "what and how do you use a 1031?". And also one day down the road I want to...
I have been listening to most of the podcasts and I keep hearing that most of the investors say they have exhausted the way to get a traditional loan, What is the maximum amount? Can you ever max out a portfolio l...
I just moved my SFRs out of my name and into individual LLCs. For one property I want to do a 1031 exchange. Does my LLC have to hold the property for 366 days before I can do an exchange? I've own the property for 27...