Hello pros,
I know for reverse mortgage short sale, seller concession is not allowed. However, I met an experienced short sale who advise me this: You can buy seller's furniture and appliances in the property for a...
Hello All,We recently bought a new primary residence using a HELOC and we now plan on selling our former one. We’ve never rented it so it cannot be claimed as a rental in the sale. The house is worth $850K with a mort...
I’ve recently entered into an opportunity fund partnership. To be clear, I did not passively invest in a fund. I started the fund. I’m a general partner of the fund. It seems all the rules regarding what to buy and ho...
Hi all,Looking at another possible claim at one of the rental SFRs and though it is basically a continuation of the previous issue, it would be the 2nd claim in about 7-8 months. Needless to say, I'm concerned about ...
Hi! I'm looking for answers regarding the sale of my 4-family that I have lived in since I purchased in 2015. I have an offer to buy that will leave me a profit of roughly 100k. I plan to purchase a single family home...
Hello team,I have a rental property that burned down to the ground recently. Adjuster called this morning saying that he was going to request a payout for the 200K cash value. I owe about 125K (mortgage, demolition wo...
Hi, i'm new to forum and searched this topic to no avail
I am completing my first kids FAFSA for college student Aid. They allow asset exclusion for farms and small businesses. They say if you have rental property...
What are your observations?if i have a $2500 rental, $250 per month extra rent? 10% ? Anyone ever collect more than that? Are tenants really willing to pay?
Hello, I am under contract for my first house hack! My ideal plan for the first home is to live in it for 2 years (with 3 roommates), rent for 3 and sell before the end of 5th year. Under IRS Section 121 - if you live...
Purchased this house in 2012. Lived in it till 2019. Rented the house out for one year. If I sell the home I'm looking at 60,000 + in pocket. I want to sell the property and buy cheaper rentals no finance. Since I liv...