Olivia Pool
Gains exclusion on separately owned residence post-marriage
Hello all! I have read through the IRS documents in this subject and can’t come to a clear consensus. Here’s the situation: I and my spouse got married in our thirties and both owned a residence. We got married Decemb...
Jerry Poon
Fixed Rate vs Adjustable Rate?
The fixed rates I've been encountering have been a little higher than the adjustable rates. I know this question is a little vague, but how do I approach comparing the two? At this point, it seems like a gamble to try...
Tara G.
Maintenance costs too high?
I have been renting single family homes. This is my first foray into a multifamily home. I have not spent more that 5% on maintenance on
single family. I do fix most of the minor leaks and repairs on my own.
Is the 1...
Matt DiAngelo
New investor in Philly
Hi BP, I've lived in Philly for the past two years, since moving here after graduating from Colby College in Maine. I work for Accenture as a Consultant and spend my free time picking up new sports/hobbies (squash, bo...
Account Closed
Invest in Limited Partnership for Apartment Build?
Hello,I was offered an opportunity to invest with an apartment developer.So I would pay $100,000 for 4% interest in a 12 unit apartment build in a Limited Partnership.I have just had a rental unit, so I am not sure ab...
Jessica O.
Invest (and pull) Payments into Current House or Save?
Hello everyone -First post. We've recently bought a house (our full time house). We're in a position to make high additional principal payments into the home - but would like to get into the rental market eventually ...
Stefhan Malherbe
Rental comparison sites for market rate rent
Hello BP community,
I have a lease due for renewal in two months. The current tenant signed a two year lease and I did not raise rent during this period.I will raise rent to market rate once the current lease expires...
Brian Ellis
Avoiding Capital gains tax
Hello friends,
What are the rules to avoiding capital gains tax?
I believe it’s a minimum of living in a primary residence for two years. But what about turning it into a rental after the 2 years?
My first house I ...
Loyal Carpenter
Self-Employed Mortgage options
I have a friend who has been self-employed for about 6-months. He's doing great & just hired another employee. His understanding is that he is unable to qualify for a mortgage until he has been in business for two...
Justin Foster
Invest without income history
When I talked to my bank's real estate loan officer, I found out that I need 2 years of income history in order to buy my own property, even if I wasn't using a loan.
Can someone go into greater detail of thi...