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Hi everyone, I currently have a VA loan on my primary residence that will be rented out in the next couple months. I have only been living here for 4 months. My question is once my rental income covers my mortgage for...
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Good morning and happy Wednesday,Quick background before we get to the dilemma: I am 27 years old, I work as a full time nurse in an ER, I received a small inheritance when my grandma passed away of 100k. I live in Po...
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I have been reading up on not having to pay tax on gains from a investment property if you use those gains to buy more property.
Is that still true if you take the gains and put them into paying down your primary h...
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Hey how’s it going everyone? Could someone please give me some advice?
So I’m trying to scale up and acquire more doors, I have 2 rentals I’ve acquired through tax deeds already but I’m currently stuck trying to get ...
Hello,
My husband and I have wanted to invest in real estate for years now and recently made the decision to purchase a new home while converting our primary residence into a rental. Since we are both 100% disabled v...
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Here is the deal, I am selling a unit I have had for 20 years and lets say it goes for 350k. I have a property I would like to buy for 610k that has a single family home and a rental unit in the back. The rental unit ...
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Hello, I’m hoping to buy my first property next year, and am wondering if I should create an LLC to do so. The reason is I want to separate my personal debt to income ratio from my real estate investing “business” and...
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Hi there,
My elderly father owns a home in an affluent part of Northern California. He purchased it in 1982, so it has a low basis (and tons of deferred maintenance). He'd like to fully retire and sell it and then to...
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Hello BP,I have been lurking here for some time, and I have found this community invaluable. I recently got an interest in real estate investing. I purchased my first property about 8 months ago, and had a new opportu...
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Hello all,
I’m new to BP but have been curious about real estate investing for some time. I purchased my primary residence 3 years back in Phoenix AZ and have a good amount in equity. I have am considering an opport...