Brad Roche
FHA 203(k) vs. Fannie Mae Homestyle Renovation Loan
Fannie Mae Homestyle Renovation Loan vs. FHA 203(k)
The FHA 203(k) is the most widely known renovation loan, but did you know about the Fannie Mae Homestyle Loan?
Here's how they break down:
Fannie Mae Homestyle
M...
Kat N.
Deduct construction cost from personal income (for tax purpose)?
Hello Biggerpockets community, I am newbie in Real Estate. I just bought a house (in California) under my name using traditional bank loan (so no LLC or Corp). My thought process is that I will fix-up the house. If th...
Travis Washington
Austin Area: Sell or Rent
Hey BP fam,
I’ll try to keep this short and simple. Have a primary home moving out of and analyzing whether to sell or rent. Stats:
-PITI: $1950
-Rent: $2750
-Current Loan Amount: $300K
-Current Value: $475K -$50...
Ganesh S.
Pay-off NNN mortgage - need an intermetidate LLC
Hi Everyone,
I am paying off a mortgage for a NNN property that I have bought using LLC name A. My attorney is indicating that it may be better to first create a new LLC B where all my funds would be deposited first ...
Jinyu Shao
Tax Implications of Primary Residence vs Investment Property
Hi all, I own a duplex in Queens and our family both live and rent the property. My family is planning to move out of the neighborhood and rent out the entire building.
I'm unsure whether the house will become an ...
Edwin De leon
Pros / Cons 1st Time Home Buyer Low Down Pymt Pgm & Keeping Your Savings In Bank
1) Can you correct me on the following, is it still recommend not to buy 1 family house with all cash because you will have no governments write off can you explain this clearer what write offs do you lose out on 2) ...
Chris Knapp
Question about filing taxes as a "real estate professional"...
What are the advantages of filing my taxes and claiming I'm a real estate professional? I have 45 rental units, and this is my second business. I'm trying to figure out the advantages or disadvantages. My main career ...
Craig McLaughlin
buying house as a 2nd primary residence
Hi all,I currently have lived in my primary residence with my wife for 10 years. I have recently taken a new job about 100 miles away. Am I able to purchase a house at the new location with cash, live there as MY pr...
Matthew Pipkin
Does Captial Gains Tax prevent sellers from wanting to use seller financing?
Thank you to everyone who takes the time to read these posts and share their experience.
My question is what would motivate a seller to use seller financing to sell their primary residence using seller financ...
Maximillian Engram
LLC for house hacking?
this question came to my mind randomly, should you have an LLC if you are house hacking on that property?