Chance Cooper
Are your taxes supposed to go up?
When you convert your primary home to a rental property, are the taxes supposed to double? I was paying like 500 a year, now its 1200 a year.Does this sound right?
Larry Pruitt
Commission for deal
Hey Guys,
I am a new realtor and I was recently approached by a seller for a family office for several million. I was able to find an agent that produced a buyer that is ready to give an offer to purchase. Since I am...
Mike Irwin
Short term rental
If I buy a property for short term rental and do a cost segregation study to speed up depreciation, can I later decide to convert to a primary residence? Is there time limits to convert, I understand that there may be...
Jason Hill
private loan mortage
I have purchased, fixed and have for sale my 1st fix and flip property. I am short of cash to fix and flip my 2nd property. Would it be wise to ask for private money for mortgage against 1st fix and flip to fund ...
Caleb Huff
Section 8 landlording
Hello! I am in the process of buying my first rental, a 4-plex. One of the tenants is under HUD. I’ve been told I need to apply as a landlord through HUD. Can this be done online or will I need to go in person? What d...
Brad Kirkconnell
finally closed on my second property
I finally closed on my second property. was able to lock in a decent rate right before the rate hike. I should hopefully have it leased within the next week or so, meanwhile I'm currently searching for my next acqui...
Bianca Rodrigues
Partial Seller Financing Question
Hello everyone!I have an opportunity to purchase a mixed use property that seller is open to using partial seller finance. The property has two residential units on the second floor and first floor is a retail space. ...
Gary Alford
Seller afraid of capital gains
Whats up BP fam,I just got off the phone with a owner of a house I found while driving for dollars. She says she wants to sell but she is afraid of paying capital gains taxes because she was killed by them when sellin...
Bryan Pham
Advice as a back up offer for a rental in Los Angeles
Hello BP,I need some advice, I am trying to make an offer for a 4BR, 2BA 1834sq (730K ARV) home in a suburbs of Los Angeles. It's a for sale by owner with no agents involved, the owners told me that the their previou...
Kim Hopkins
1031 Exchange with Seller Financing - Possible? Easiest structure?
Hello! I have a 1031 Exchange / Seller Financing question. We're trying to make an offer on a property with a seller by offering him seller financing. 40% down payment. He owns it in cash so he doesn't have any loan t...