If you pass all of the qualifying tests and indicate at tax time that you’re a real estate professional, does that allow you to use all of your losses to offset gains?i know as a non-real estate professional you are l...
Hi BP community. I bought a 3-unit with cash borrowed from a friend at 4.5%. I wanted to implement the BRRR strategy right away. I bought the property at 60 cents on the dollar. I sought a cash out refi from my local ...
Do y’all make your renters show proof of renters insurance before you will allow them to rent your properties?
Do you have your tenants renew on a monthly basis, or do you do leases? If you do leases, for how long? 3 months, 6 months, 12 months, 36 months? Why did you choose what you choose and have you considered changing?Tha...
A-Seller, B-Wholesaler, C-End buyer
When you provide transactional funding to B as a lender, what are the things that you need to watch out for?
C provides non refundable deposit. Is there a % to the fu...
I am running into this issue now. I know Fannie Mae now allows investors to purchase 5-10 rental properties but with 25% down and requiring a 6 month reserve on all financed properties. I don't meet all those requirem...
I think the BRRR strategy is great but my biggest concern is being able to refinance quickly (1-3 months). I've heard some people say on conventional loans it's no problem and you can refi very quickly. Some say lende...
I am trying to figure out if I would have to pay Capital Gains on a house. The house when's our primary home and then we rented it out for three years before moving back. So we have lived in the House 2 out of the las...
I have a rental propert located in Nj. and I am in the eviction process with a tenant. I do not have their security deposit in a separate account and they just sent me a letter a few days before the court hearing tell...
Hi everyone. I was wondering if there are any good books to navigate the world of liens and how they work( mortgage, tax, child support, builder, etc) . For instance if a person owes a mortgage on a property and it go...