Oliver Sparks
My first multi-family, wanting a partner
Most of my interest in REI has been geared toward single family residences. However, I came across a building with 4 apartments that I have interest in. It resides in a college town with the asking price of just ove...
Blaine Moore
Filing for an Out-of-State Foreign LLC
Good Evening,
I recently posted a questions about filing LLC's, but using the LLC do do business in another state, and I appreciate those who responded..
My question this time is :
My current LLC is in Arizona, but...
Lan Nguyen
primary residence tax returns
Hi BP,I am thinking of purchasing my first multi-property for rentals. Is it possible to claim the property and my primary residence without living inside the property, maybe just asking tenant if I can use the addres...
Rigo Medina
Homestead Exemptions on a Rental a no no
The home I owned turned into a rental for 4 years, but I did not cashflow. I could not sell it for the loan amount, so I rented it for 4 years. I never notified the appraisal district folks, that I was not using it as...
James Anderson
Can a relative/partner satisfy owner occupancy for house hacking?
Hi trying to get started with multi family but wondering if my Father in law who currently lives with us, became a partner with me and my wife on a multi family property would he be able to move in to a multifamily on...
Brandon T.
4plex investing in Cincy
Hey BP,
4 unit buildings are all over the place here in Cincinnati and I was curious to see if anyone else on here invests in them, and what some of your experiences were. PM me if you want to chat
Example Property:...
Kareena Sharma
1031 exchange converted to primary
Hi,This question is for a friend's mom. She completed 1031 exchange and converted 1031 property into primary residence, almost immediately after 1031 (one month). I know the rules that she should have used the propert...
David Ebersole
Good home that I knew wasn't my forever home and would be a rental eventually.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $107,000
Cash invested: $10,000
2 bedroom, 1 bath single family residence in Hampton VA. 935 sq ft home fully reno...
CL Ziegler
Banker deliberately lowers the valuation of a property?
Hi everybody,
I’m closing in a week on a house and today I spoke with my banker who said something which left me scratching my head.
First, I’m buying the property well below its value. The purchase ...
Elizabeth O.
2nd deal. Is this wise?
To finance my second rental property I am taking a HELOC out on my primary residence. I am not taking all the money I can but just enough to cover my 20-25% down payment. I went into this thinking that I would just ...