Libby Tucker
6% return for downpayment for NYC triplex under contract?
I was pre-approved to buy a house in NYC (a goal I've had for a long time)! I now have an accepted offer on a triplex in the Bronx. I'm looking at a 10-20 year hold and rent strategy. Loan requires only 3.5% downpay...
Robert Harlacher
Advice on First Purchase please
Hi BP Community,I would like to get some advice/opinions on my first purchase. Little background first, two years ago I made the decision that I wanted to get into REI obtaining buy and hold properties. With little ...
Alejandro Arreola
I brought my parents a house in 2019. Is that a tax deduction ?
I bought my parents a house in 2019 cash I have not filed my 2019 taxes yet. The property was not a turn key property I had to do a lot of repairs. Is that 100% tax deduction on the house that I bought my parents? Doe...
Andrey Y.
Favorite credit card
Thought it would be fun to see what credit card you guys like for your real estate business. I am not a flipper, I am only looking for a card to use solely for my RE business expenses (buy and hold), nothing else. Boo...
Valentina Naumenko
Holiday Gifts for the Residents?
Greetings, Fellow Landlords
Since Holiday time is around the corner, I am looking for recommendations about what do you do for your tenants if you do anything? We normally, before covid, had different goodies deliver...
John Hyatt
Is there a clever way to use credit cards in real estate?
Recently I have been fascinated with travel hacking, learning about ways to manufacture spending to earn points. It hit me that as a real estate investor we spend hundreds of thousands if not millions paying for contr...
Nick Hawkins
Trying to understand a loan with a "gift of equity" down payment.
I am buying an investment property from a family member for the $125k that they owe on it. The house appraises for $160k so I'm getting a $30k gift of equity to use as a down payment.
The lender is telling me th...
James Gould
Tax Strategies for Foreign Owner of US Real Estate
Situation: A foreign (non-resident alien) owner of US in situs real estate (two single family properties) wants to transfer the properties to their adult child, who is a US citizen. However, to my understanding, there...
Robert Rodriguez
Best lending options, buy a property from family to use as a rental property.
I will be buying a condo from my grandmother. i have been renting the house for the past 2 years. She will be selling the house to me for well below market value. Ideally, putting no money down through a gift of equit...
David Pendergraft
How to invest with family?
BP,We are buying a rental property in Seattle, Washington and our family would like to invest with us. They will be giving us $50k towards a $600k property. It is not a "gift", they want their share of the income and ...