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...

I've read that you can Homestead two properties in Minnesota if a relative lives in the other one. Are there rules around charging rent? And is there a tax benefit? The information on the county website is unclear.
I...

Hi BP team. I am looking to invest my hard earned pennies out of state in either SFH or Multi with goal of building sufficient cash flow to allow me to leave my current W2 job.  I am a younger single gal, first time h...

Good Morning,

I am looking for advice on something. I turned a primary home into a rental last year as a way to jump back into the REI game. Since then, I was laid off, found a new job, and I have relocated...

Hi All-I have a condo that was my primary residence for a number of years, but I started renting it out last May (and I live elsewhere). Is it now eligible for a 1031 exchange? Does it need to rented for a certain per...

I'm selling my multiplexes, and I had the idea to save the capital gains tax and instead purchase a SFH that would be a short-term vacation rental.  I remember the 1031 code saying something had to be similar to what ...

I am encountering difficulty in finding a suitable mortgage for my rental investing career. Every bank I speak to insists on a minimum 20% down payment if I do not plan to reside in the property. You may wonder why I ...

I'm interested in purchasing a listing in Butts County, GA.  The listing includes two residences on 2 adjacent properties for $600k:Lot #1 has a stick built home on 5 acres (I plan on living in this residence)Lot #2 h...

I'm looking to buy a new primary residence within the next 18 months.  Key to this is I desire to convert my existing primary residence to a rental.  I current owe about 80% of the value on the mortgage.  Are there wa...

Hello,  At the planning stage of looking into the real estate rental market and have been listening to BP podcast for a while.  The shortest path to get there for my husband and me based on time to save down payment w...