Christian Hunter
VA Home Loan Tax Exemption on Multi Unit
Hello everyone! I'm looking to use my VA Loan for the first time to purchase my first property. I currently live in Silicon Valley but house prices aren't feasible for me here. I'm looking into moving to Houston Texas...
Kevin Nembhard
Hot to get financing for a conversion from 1 family to 2 family
I am looking to purchase a single family home in Queens and convert it to a two family house. I know the area needs to be zoned for that. I am trying to research and find out how can I get financing to do the constru...
Luis Malvar
House Hacking in Orlando, tax question!
Hi everyone,I bought a house about 3 months ago and I am house hacking with family members so there is no contract or any formal documents. They are paying me thru Zelle so my question would be, Is that going to be mo...
Julia W.
LTR acting as STR turnover assistant?
What are your thoughts on getting a hybrid rental situation out of a house? Let’s say I had a 3 bedroom SFH with a studio unit in the back (separate entrance). I want to live in the SFH portion and house hack the stud...
Eamonn McElroy
SALT Limitation - Taxable Refunds
Hello BP Nation,Today the Treasury issued authoritative guidance via Revenue Ruling 2019-11 on the taxability of state and local tax refunds from which a deduction may have been limited due to the $10,000 state and lo...
Meleana Tuimoala
Holding Deposit Contract
I held a deposit for 3 tenants (room mates) on a unit and only one of them signed the deposit. It was $1600 deposit and $500 non refundable. One of them is asking for a refund of his portion he gave to the roommate th...
Sarah McCarty
1031 exchange owner occupied unit
Hello: I am selling my owner occupied two family home and buying a single family home. Similar value and mortgage on the properties. I am planning on converting part of my new primary home into an accessory apartment ...
Blair Carney
Home equity agreement - is it a scam?
This popped up on social media, and my first thought was "SCAM!" I thought I would post about it here and use the wisdom of all the great people in the BP forums.
This is a product called a home equity agreement. It...
Chris Johanski
Mtg. Int. Tax Deduction on a Contract for Deed for buyer?
state of Minnesota, can a buyer on a CD claim the Mtg.Int. Tax deduction if he/she is making the mtg. payment or enough of a payment to cover the mtg? Also, what if the house has no mtg. on it with the original owner...
Maggie B.
Section 8 a good idea?
Hi everyone! I am currently considering the possibility of investing in properties in strategic locations under $100k and listing them on section. I understand these would probably not be the ideal tenants. However, I...