Hi BP:
I have an Uncle who is an owner occupant of a 3-fam home. He has owned it for 40 yrs and is ready to downsize into a single family home about 10 miles away.
He needs proceeds from sale of 3- family to put a ...
I am 18 and interested in the rei career. I’d like to know more from experienced investors what are important things to know or learn about, ive watched seminars about starting but I am still confused on how to begin,...
This is our situation
Bought our house in 2004 for 285k in NJ and i was living in that house till November 2017Rented at in 2018 (Bought another house and moved into new house)Planning to sell it - I am getting aroun...
I've done some reading on the advantages of Solo-401K options (this article was awesome!).I am hoping to use funds from my adjunct teaching to invest in real-estate and was hoping I'd be able to shelter this income by...
I have someone coming to bring a deposit to put my rental on hold for them for March 1st. Which is about 3 weeks away. $500 of the deposit is non-refundable. If he ends up changing his mind and wants to refund his mon...
Hello BP!I am 3 months into my first SFH house hack (Going Great!) but am now trying to educate myself on further ways to be tax efficient.I understand how to calculate depreciation allowance on a house hack but was w...
Hi Pros,
I can use your guidance here.
I have scenario where buyer signed a contract to purchase a piece of land here in Texas held by a trust. Contract is using standard 'TREC Unimproved Property Contract' with sel...
Hello everyone. This summer I did a BRRRR in Ontario and I'm wondering what I should do regarding claiming the renovation costs. I purchased the property at the start of July and renovated it until Oct 15th. In this p...
Oh boy, I am confused:I was looking at a P&L statement of a 40+ unit MFH and noticed that seller did not include significant renovation costs to update units each year in the expense section. Those expenses were l...
Can someone comment on why municipalities charge a high bid premium on winning tax lien bids, and what happens to these funds since they don't incur interest. For example, I see a MD county charging a 20% premium ...