Maxwell Hibbard
Put 3.5% down FHA in a hot market or wait 2 yrs to put down 20%?
Hey I live a hot market of West Philadelphia — not sure if I should wait 2-3 years before putting down 20% for a conventional fixed, or if I buy now I could only put down 3.5% FHA with PMI. Thanks all!
Ryan Thomson
BRRRR #1 - to furnished rental
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $270,000
Cash invested: $60,000
A duplex that needed a LOT of work. It was an expired MLS listing. I wrote o...
Nik Krohn
Is this for real?? I need to buy out of state...
So I have done several deals in Utah & AZ but I have not done any recently in the last 12 months. I got an email this morning from BP about how this guy (success story below) purchased a triplex for $14K. See stor...
Calvin Ly
Property Taxes- Buyer's and Seller's Contributions
Hi All,Is the seller responsible for property taxes that increase after the sale/close? The tax appraised value doubled to close to 400K. Buyer is requesting that I pay the prorated increase in property taxes. My beli...
Daniel Klucas
Trump Tax Reform to Capital Gains Exemption for Primary Residence
We are in an odd position if this tax reform to the capital gains for primary residence gets passed as planned. We've owned our primary residence since October 2014. Since we had over an acre of land we had it survey...
Jason R.
Financing options for my first property
I currently own my current home (mortgaged) and am preparing to buy my first rental property. My question relates to the financing of the rental property.Since the rental property I would buy is a 2nd home, all the ba...
John Dehn
Leak and High Water Bills
I own and self-manage a property that recently had two drip valves break causing excessive water usage for January, February and March. Water bills for the property at typically in the $50-60/mo range but range $150 f...
David Hays
CA Broker´s License - Acceptable Kinds of Equivalent Experience?
Hi BP Community,Just a couple days ago I made the order for course materials to pursue my California RE Agent´s license through Allied Schools. It should be noted immediately that I have no real desire to act as a ful...
Stanley E.
Considering an Owner Finance Deal
Hi BP. I'm contemplating an owner finance deal. What all do I need to have in place? Lawyer? Realtor? And if the deal goes through, who is responsible for the taxes? Me?
Thanks.
Eunice Villarroel
Trying to make the most of my taxes in order to qualify for loan
WOULD REPORTING 15, 000 MILES IN TAXES LOWER MY NET INCOME TO A POINT WHERE I DONT QUALIFY FOR THE SAME LOAN AS IF I HADNT REPORTED THE 15,0OO MILES?