Andrew Pierce
Doctors Loan/Conventional Loan = You Must Occupy the Property forever?!?
Hi BP Mortgage pro's,
theoretical scenario: a doctors loan was used to buy a primary residence rental portfolio piece, while talking with the loan officer @ big bank name about how it would be used as a rental portfo...
Nick Brubaker
Capital gains exclusion in case of primary to rental to primary?
Hi everyone. We have lived in our house as our primary residence for almost 6 years. If we move out, convert it to a rental for 3 years, and then sell it, any appreciation during all 9 years (including the period it...
Dennis O'Loughlin
Taxes and Refinancing with BRRR
2 questions about BRRR. When you use the BRRR method, since you are not doing upgrades but rather repairs, you can either deduct or depreciate all the work you do or hire out right?Second question. After you Rent an...
Cathy S.
Garage Conversion into ADU... tenants' stuff in my garage
I am planning to start construction on my garage ADU next month (already pushed back many times due to Covid, getting permit issued, among other things). I have told my tenants that I was planning on converting the ga...
Phillip S.
Upstairs tenant overflowed tub, insurance won't pay
This has happened twice now in a span of less than 6 months. The property is a duplex with a tenant living in the upstairs unit and the downstairs unit is presently vacant. The upstairs tenant overflowed the tub (ag...
Carole G.
Puppy in apartment, lease says no, advice wanted
We have a tenant who has a puppy, even though her lease says no pets. She is claiming it is a service dog in training. The Scottsdale library doesn't allow "service dogs" who pee and poop where they shouldn't. I do...
Roderick Sims
HELOC & Estate Planning
Hello guy,I'm currently looking to invest in buy and hold real estate in the southeast. My parents recently offered to take out a HELOC to help me buy my first property. They are also in the process of completing thei...
Kyle Woodruff
CAP RATES for evaluating a properties value
Hi Everyone I hope all is wellI am in in a tough spot. I am trying to determine what my property would be worth if I raise rents and do some value adds. But I'm coming up with a number that is way higher than I deserv...
Felipe Lecaros
CPAs help! Form 2555 (Foreign Earned Income Exemption)
Hi all,
I am aligning everything to do my first REI in the U.S. and I am wondering if there is any CPA out there that can help with the following: I am a U.S. citizen living and working overseas (for 6 years now). I ...
Account Closed
Difficulty Finding Properties accepting VA Mortgages
Hello everyone. I’m new to real estate investing and I’m looking for some feedback regarding the use of a VA mortgage. Specifically I’m looking into multi-family properties. I’m already pre-approved and have been loo...