I would like feedback on my business kickoff plan. Fall 2016 I purchased my first property (personal residence) with a personal loan from my parents. I have a written loan agreement and did not file a mortgage on the ...
Hi,I'm an investor residing in FL with a multi-family property located in Upstate NY. Initially, I purchased the property in my name to secure better financing. However, I now intend to transfer it to an LLC. My conce...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $474,900
Cash invested: $474,900
My California client purchased the home with 1031 Exchange funds and some cash. He...
Hi all. I've been lurking for a little bit and I still have so much to learn. So forgive the newbie question: must I work in the same city where I intend on purchasing a home using an FHA loan? I live (for the momen...
Hi BP community,My partner and I are looking to buy our first investment property. Given that this is our first step, we figure living in and rehabbing and renting out our first investment is a good starting point. My...
Hey all!I am in the process of starting my real estate journey and need some guidance on primary and investment properties. I am currently looking to purchase a primary residence all while also trying to secure an inv...
I have a rental property that is paid off and I am wanting to pay off my primary residence which has a mortgage of $180,000. My question to the group is do I sell my rental property that is paid off and end up paying...
I'm planning to buy a house as a first-time home buyer, but I have no plans to live in it. I will be renting the rooms out.
Everything will be under the assumption that the house is my primary house (loan, ...
I'm reading conflicting things regarding capital gains on rentals. According to the IRS site, it looks like one can live in a rental property for 2 of the past 5 years, even if that property was acquired as a 1031 ex...
I am new to investing in real estate and I need help clarifying a property I am looking at for purchasing as an investment. On the listing it says it is being sold as a single family residence. It also states that it ...