Have any of you come across FHA’s supposed rule that you can’t buy a 2-4 unit property if the unit you plan to owner occupy is significantly smaller than the residence you currently own or are moving from? What are th...
Team BB,How much money should I hold onto from the sale to prepare for tax time? I had a tax question I was hoping you could answer about a rental that I've recently sold (did not do a 1031). There's three places I'...
The Chicago Department of Housing on Monday chose two nonprofits to provide free legal help to low-income tenants “at risk of or subject to eviction or lock-out” in Chicago.https://chicago.suntimes.com/c...
As we roll into 2018, investors are spending more time thinking of ways to get ahead. Some have already taken time out to reflect on the past year, and to set New Year’s resolutions. Others may not have put their plan...
Hi all,For those who have not seen the news on this FHA is reducing the PMI rate from 1.35 to 0.85%! This is a significant savings and could mean the difference from cash flowing and not.
Hi all. I'm looking to buy a new construction home in CA for $750,000 as an investment property (around 8% interest rate) with 20% down. The rent I can expect is $3200. This would surely put me in negative cash flow o...
Hi BP Universe! I'm in my mid-50's and just starting out. I have a small 401k of around $20k. At this point in my life, I see little opportunity for big growth in that plan. My question is, would it be wise to close...
Came across the concept of real estate professional recently and was curious if anyone had elected to pursue this status. I understand the time requirements and being part time the 50% shouldn't be an issue. Just cu...
Is it a good potential idea to take out 120k from my HELOC buy an investment property in cash, light rehab.. rent it out for great positive cash flow for two years, then sell after two years to avoid capital gains tax...
Is there anyway to reduce tax liens on a residential property or are they considered non-negotiable?