My wife and I are buying a SFH investment property with my father in law. He will be the mortgage holder and we will put up the downpayment. A mortgage broker tells me the downpayment must appear to come from my fathe...
Currently a new real estate investor looking to source my financing. I'm for advice and recommendations for my current lending situation. I’m looking to buy a STR in MD, and i’ve run into a bump in a road for my finan...
Hello,
I am trying to figure out the capitals gains we would incur on the sale of a secondary home on the Jersey shore for tax strategy purposes. The property has been in my family for 4 generations, so the value of ...
Is anyone familiar with a gift of equity? I’m thinking about purchasing my mother’s home as my family consisting of me, my husband and daughter have been living in it and paying the mortgage the last 4 years. The hous...
Hello BP, I have a headache from trying to figure this out. So last year mid summer I sold one of my town homes, it was fully paid off so I ended up getting some cash around 95k. The money sat in my bank for a while (...
Hey guys, I have great tenants across the board this year. I'd like to get them all something for Christmas.What are some good (somewhat universal) presents that are maybe $100-200?
I'm currently buying a home and have the cash for the downpayment. The seller is paying 3% of the closing costs. There will still be some closing costs left over for me to pay. Since my limited funds are going t...
We are entertaining the idea of purchasing my fiancee's grandmother's home in Mountain View, CA. This house is in a PRIME location, walking distance to google. COMPS are going for 1.2-1.4 mil ARV. We want to present t...
Hello. My Dad wants to sell me one of his rental properties. It seems like a great deal in the long term, but will be very difficult/expensive to make it cash flow for the first couple of years. I recently lost my...
This year my AGI was over $150k and therefore passive income loss limitations eliminated my ability write off losses from my rentals. I am not a real estate professional and I don't see that as a viable path at this t...