Greetings, all!My fiance has a family member that is willing to sell us a house for way under its current value that she inherited from her adoptive mother, who passed away a few years ago. The house is in a bad state...
Hello all! I am in a dillema and that is whether I should purchase an engagement ring or use the money to put down on my first house. Here is some info about me:My girlfriend and I have been dating for 6 years (since ...
-After college worked as a missionary raising support to provide for living expenses. -1 yr later felt called to the Fire service and step back from being a missionary. -Was selling personal items to make rent and buy...
Hello,I am in the process of house hunting with my fiancé. Originally, I really wanted to purchase a multi family so we could live in one unit and rent the others out. I have come to realize that she really would pref...
I have been working with a couple who own a duplex with the father/father in law who died 18 years ago and it was never probated. 20 years ago the husband and father in law bought the duplex as tenants in common with ...
Any one have experience with deducting rental expenses against ordinary income (not just rental income). I know there are rules regarding active versus passive investing and there is a cap (MAGI) but if one is over th...
Hello Everyone,I need your input on a decision that I'm struggling with. We were able to get a great deal on our current primary residence back in 2009. Initially we bought it to flip it but after renovating and mar...
Hello BP members,I'm looking to purchase a rental property in the Mills 50 area also know as Colonialtown North area of downtown Orlando, Florida. Anyone who is familiar with the neighborhood can you please share your...
From CNN. Can deduct unlimited real estate losses off regular wages, no income restrictions, and retroactively to 2018.
“Previously, if a married couple had depreciation deductions that exceeded their real estate bu...
I keep reading stories where people start off with a property per year, then I hear people purchasing a property every month. Between a person and their spouse, they can only have a max of 10 mortgages. So what do peo...