Aaron C Perry
Investing in Real Estate on Active Duty.
Hi everyone. I’ve been on BP a little under a year now just absorbing the knowledge through the many articles and blogs available. I’ve also been reading books on REI like “Crushing It in Real Estate and Commercial i...
Kenneth Kussman
Quitclaim ownership to son
I live in Texas, can I Quitclaim ownership of my home to my son without problems before I get married to keep it out of a new marriage?Would it cause problems for my son?Also, I still have a mortgage, will that be a p...
Jesse Barahona
Tax question in Texas
Hello everybody! Quick question, I have some body that is going to sell their home, Single Man 3 years living in the property as a primary. Bought it using an FHA Loan, What are the tax implications on this? When he s...
Bryan Petrinec
Seller Financing Tax Implications for Seller
How is income from a seller-financed property treated from a tax perspective? I am considering selling a property that has no mortgage on it through seller financing. I know that if I were to sell it through a stand...
Colin Williams
Long term capital gains tax
I have a question about long term capital gains. My original basis in my primary residence was $230k. I refinanced at $600k with cash out. Is my basis still $230k or does it increase to the $600k? I'm trying to figure...
Andrew Kennedy
Scaling with mortgages question
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...
Brad E.
Tenant Screening advice needed
Hey BP - I'm looking for some advice on potential tenants I am screening. I have a couple applying. They are not married.One of them meets all income and credit requirments having a 729 credit score. So by themself...
Satha Palani
How do you consider multiple applicants
Hi,I put my house on market Thursday and got a ton of interests. I have been doing my research on BP for sometime now and have been following some best practices.I am asking all prospects to fill out a pre-screen surv...
Jake Andronico
Tax benefits - 1031 Exchange OR Section 121 exclusion on the same property...?
Accountants, CPA's and 1031 Exchange experts - this one's for you. I was discussing a scenario with my RE partner where a property could be considered a Primary Residence AND an Investment Property, which could potent...
Rob Harnden II
What do you do if only one applicant's credit score is high enough?
I just listed a 3br house for rent. Until now, I haven't thought about how to handle it if not all of the applicants meet my minimum credit score. Should I just deny them all? Or, should I accept with conditions if on...