Lori Vines
Giving a home to a non family member, are there tax implications?
situation: Friend is considering giving another friend a house, they have no family relation (but are close like family-obviously) ..... before proceeding they're both asking if there is a gift tax or any tax implicat...
Daniel Haro
Newbie Northern Virginia
Hello, my name is Daniel Haro. I am 24 years old and interested in acquiring my first rental property (single/multi family) in the northern VA area as I am under the impression that it is a strong market. A family mem...
Jayson Cornwell
Seven years to the dream of being financially free!
My name is Jayson, I was raised in Idaho since I was 12. At 18 I joined the Air Force and was stationed in Korea and then Italy. I then got out of Active Duty and joined the Washington National Guard. For my civilian ...
Landon Hale
Real Estate Professional Status?
I am looking for some clarity on the REP status. My main source of income is a full time W-2 job with a custom home building company (S-Corp). I am part owner of this company. I also have multiple investments as an LP...
Amanda Chandler
Any feedback on my listing?
Hi all,
Have my property up for rent (I live in this one still, moving out next week), and have had a rough time with applicants, looking for any feedback. We have had 37 inquiries, at least 15 tours, and 5 applicati...
Bilal A.
Any High W2 earners out there?
To the High W2 earning BP members out there, what strategies have you used to decrease your W2 taxable income? Depending on what state you earn your wages, income tax rates of 40-50% are unreasonable. Most of you like...
Oliver Hellested
Can you use the BRRR methond on a 6 family?
Hello,I recently identified a 6 family property that is being mismanaged. The owner paid utilities/expenses are high. On top of that the rents for each apartments are roughly 100-150 under market rents on a conservati...
Donna Rishel
Why the New Rule on Ability to Repay Can Help the Manufactured Housing Industry
The Ability to Repay Rule issued by the CFPB caps the maximum ratio at 43%.
Given that in most parts of the country it costs $75-$85 per square foot to build a site built SFR (sans land) a 1,200 square foot h...
Jessico Bowman
Mount Dora Partial Live-in Cash Flow Positive BRRR & Flip
Investment Info:
Single-family residence other investment.
Purchase price: $74,900
Cash invested: $10,000
Sale price: $185,000
Bought, live-in renovated, refinanced to buy another property, moved...
Steve Kirsch
Fannie Mae multi family down payment requirements
Hello BP Family,I am submitting an offer on a property this week. This is a duplex unit. I have recently been inform from my lender that Fannie Mae requires a 25% minimum down payment. I originally was planning on 15%...