I currently have a house 3 bed 2 bath in one of the best neighborhoods in Cincinnati. I paid 325k for it with 5% down in June 2023. Comps for this house fixed up are now trading in the 5's.. My mortgage is 2.8k and it...
I purchased my current primary residence at the end of 2020. I would have about a net 125k cash currently if I were to sell after all closing fees. Thinking about a possible 1031 to my next live in flip? I’ve yet to d...
I've been looking at properties on the mls that have long dom, need work, etc.
I'm putting in pretty low offers and my realtor wants to give verbal offers to the listing agents to see if they're even interested, inst...
I have a 4 bedroom that I have on a owner finance mortgage that I have as my homestead, I rent out 3 rooms (as I am a single man no kids no animals) the benefits are great because I can live in the property and still ...
I see people routinely trying to rent a room in their place or attached apartments to only females. Do you think this violates fair housing discrimination laws? It seems clear to me, but am surprised how common this is.
I have always thought it was at the capital gains rate, but someone today told me that the gain on the sale of a primary residences is taxed at the ordinary income rate. Can someone clear this up for me? Thank yo...
Reading a property management agreement for a 8 unit MF property, what is the reasonable management fee? There is also exclusive right to represent me when I sell the property. What is the typical brokerage commission...
Hello!My husband and I own a multi family property in Los Angeles. The front house is 3bed/2bath with a converted garage and the back is a duplex, 2bed/1.5 bath each that are both tenant occupied. We want to sell th...
I am really struggling with this decision. I own a home in Santa Clara, CA with over $500,000 equity. Maybe as much as 6-800,000 in equity. We will be moving to Idaho next summer. We have a daughter who will be start...
Hi All. So excited to be a new member in the BP community!
My parents in-law bought their primary residence in California for ~ $350k and now it's worth over $2mm. Obviously, their capital gains are well beyond the ...