Imebette Barkley
What is the better deal?
Which is the better deal? There is a five bedroom home being sold for 138K definitely needs updates or a five bedroom home fully renovated being sold for the market median of 198K.
(My initial thought was that i will...
Robert P.
How will buying a 200k house and renting out impact Taxes?
First time buying a home. Home is in Massachusetts. Will be renting it out. Any clues on how my year end taxes (not property taxes) will be impacted by purchasing a home, and now having more income coming in. (besides...
Wade Stahle
Foreclosing on an owner finance
I have a bit of a difficult one. I have a gentleman that is owner financing his home. His "renter" is 3 months behind on his payments and can legally be foreclosed on in my state. He doesn't want to deal with it and w...
Tracie Van
Wisconsin - No lease agreement in place
We took over some duplexes and I noticed that one person's lease ended May 31st of this year. I don't want to renew them for a year. I'd like to just give them 28 day notice, but its unclear if the lease automatically...
Felipe Guerra
Capital Gain Taxes -San Diego CA
Hello BP panel,I have a question about capital gain taxes -I recently sold my (3) multifamily properties, netting me about $500-$800k.I started with the intention of conducting a 1031 exchange (still ongoing with escr...
Account Closed
Need Advice: Capital Gain Tax in California
I wanted to tap into the advice from the group: we have a property that has turned into rental in early 2018 but was our primary residence for 5 years before that. If the house were to go on the market, would the gain...
Logan Dawe
Getting a loan for first house
Will banks consider your intent to house hack and factor that into your eligibility for a loan? I want to buy my first house by the end of 2022 and I’m wondering if telling them about my intention to house hack it wil...
Terrell Owens
House Hacking Conventional Loan still 20%?
I'm currently trying to become a first time home buyer and I'm extremely interested in "House Hacking." The concept that I could have a multi-family unit household and live in one unit is a desirable outcome. However,...
Nick Furukawa
Getting loans for my first rental property at 19 in college
Hello, I am a 19-year-old college student. I am looking to get my first rental property in Indiana but am struggling to figure out good financing options. I am also wondering if it would be a bad time to invest in rea...
Christopher G.
Creative ways to transfer ownership
Hello all, i have been managing and updating using personal finances a 13 unit in Ca since purchase 5 years ago. I have an opportunity to take over the existing liens and transfer ownership with the seller financing f...