Dear BPersIf I apply for a loan on a new property with the intention to move in and treat it as my primary residency, what are the minimal years that I need to live there? If I need to move before that minimal period ...
I recently returned from overseas and stumbled upon rich dad poor dad which (like many) changed my way of thinking about money and was sold on real estate investing as the next logical step. I’m fortunate to have qual...
Can someone with lots of familiarity in real estate taxes confirm whether or not it would trigger capital gains when my co-business partner and I exchanged our 50% interest in each of our respective unit of the new tw...
Hi everyone!I am looking to invest in a rental property in Michigan. I am considering some of the college towns in Michigan like Ann Arbor, Lansing etc. My concerns are: If I buy a place with the intent of renting, ar...
Currently we own a home that we were intending on renting out since we refinanced and secured a great mortgage payment which would cash flow $3-400 per month . When looking into buying another the banks ask, well is t...
I'm wondering about the FHA loan. I know that FHA wants you to owner-occupy it if you buy a 4plex. But, what if you have a place somewhere else... do you actually have to go and physically move to that 4th unit? Or ca...
Called upon a local mortgage broker for a rate quote on a 30-year fixed mortgage (cash out refi). I’ll preface this with the fact that I have used this broker before and give them high marks. The particulars of the de...
I had a glass top electric stove in one of my rental properties. The tenant did something where the glass top cracked - they most likely dropped something on it. The stove was old and the property manager claimed th...
General question bigger pockets family, I'll be moving to Okinawa, Japan for work and on the fence between selling or renting my property (3 bed, 2.5 bath, 2 car garage Condo, built in 2021) in Pepperell, MA. I ...
I currently live in my house in SW Washington that I purchased with a USDA loan in 2013. My wife and I are looking to move out and convert our house into an investment property. Can we have a USDA loan on an investmen...