Drew Slew
Second home to buy HELP
I live around NYC in union city, NJ but question can be applied to every market. My bro lives in Denver, so maybe that market too for investment purposes. Last year bought a 2br condo for 145k that i rent 1 room out f...
Elliot Fuller
Taking Profits from a Performing Asset to Expand Portfolio
Hello BP, it's been a while since I've been on here.Bottom line up front: How might you proceed if you had a cash-flowing property that had appreciated significantly, and wanted to take the next steps to expand your p...
Jon Klaus
What does the $6500 tax credit mean to you?
http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_homebuyers_tax_credit
Will you use it personally?
Are you a broker/agent--how will it affect your business?
Wholesalers--what will it do for you?
Will it stimula...
Vincent Phan
renting out current primary resident - tax incentive
Hi all,
Do anyone know if there's tax incentive when it comes to renting out your primary resident? We lived in for 3 years and already done all the remodeling. Now we need to upgrade to bigger house due to growing f...
Kyle Nacci
How does the 2 out of 5 year rule work when 1 co-owner has been living in the house?
My ex-wife and I co-own a duplex in Providence. We're both on the deed but just I am on the mortgage. I haven't lived in the house since we separated at the beginning of 2022, and she has continued living in it, manag...
Chris Nelson
Buying a Multi-Family
Hey BP,
Trying to get more active on here and get some good information. Here's the situation.
My Wife and I bought a duplex over a year ago in North Carolina and we're now looking to make our next move. We curre...
Tyler Neison
$80-$100k to spend with these goals, what should I do?
Here is my current situation. Currently live in and own a SFH w/ 2.5% rate. Building a new house that will be done around Nov '23 - Jan'24 and will be my new primary home. Expecting $80k-$100K income tax bill on my ac...
Scott Forbes
Capital gain on sale of principle residence
I have a question regarding the IRS exclusion of taxes paid on the sale of a principle residence.Here is the scenario: Tenant has been renting a condo for 7 years and it has been their principle residence.The landlord...
Juan Abreu
How many owner-occupied homes can you buy?
Hi all,
I'm new to BP and recently purchased an owner-occupied home. It is my understanding that I have to live in the house for one year before I can rent out the whole house. My question then is:After the year is u...
Carlos Mendigochea
BRRRR sort of...Leveraging Cash Build out vs Conventional Loans
I live in SoCal and own Triplex plus primary home in SoCal. Looking for advice on how to best leverage $500k in cash. Question is around committing cash resources for a build vs leveraging into two additional out of s...