Justin Otero
Househacking and filing taxes
If you’re house hacking(living in a room, renting out the others), how best should you think about treating your property and rental income/expenses in relationship to your taxes?
* My tax preparer is not knowledgeab...
Dana King
Short Sale and HUD subordinate loan.
We have a contract to buy a home for the payoff amount. The title search found a Subordinate loan with HUD for 52000.00 (aka: HUD partial claim). The house is not currently in foreclosure. The loan was recently caught...
Tyler Eastridge
Creative Finance Hybrid solution with VA loan
Hello,I have a friend who is trying to sell his house quickly to move to a different city with his wife and kids. He currently has a 2.8% interest rate with about 232K left on the mortgage. The mortgage is a VA ...
Thomas Meyer
Investing in Fractional Notes
Thoughts on getting involved in a fractional Interest-only Notes, with low LTV. I've handled funding loans all by myself but might need to start participating with other lenders/investors. Are there in any pitfalls in...
Joe Kamenar
Profit/Loss Allocation for Multi-Member LLC that Holds Property
Suppose you have an LLC that has as it purpose to own a vacation property, where one member is the main investor and one member is the main user and partial investor? The "user" member will both rent out the property ...
Wai Chan
Tax write off for rental property in Turbo tax
I have read about two possible legal ways to write off some of the rental income: Take a partial dispositions of asset for a rental property and use that loss to write off the income in 1040 https://w...
Brandon Brown
Selling Primary and Moving For Work.
I am selling my primary and moving. If I'm moving for work, am I exempt from capital gains tax? I haven't lived in the house for 2yrs yet.
Joey Wang
Making sense of financial impact between different amortization periods
Today, I was reading up on different types of loans - specifically, a fully amortizing vs. partially amortizing loan. I encountered the following table illustration:
What I notice is that with amortizing period loan ...
Lawrence Barnes
Roof on house Flip Question
Hey BP Family!I purchased a rehab project here in Tampa FL. The full roof was replaced in 2020. The home had fire damage in the garage after roof replacement. I am having to replace the Truss and roof over the garage ...
Niyi Adewole
Inherited Tenant Issues With First Payment
Good Afternoon BP Family,I recently purchased my first househack tri-plex, and the one tenant i was somewhat apprehensive about has just alerted me that he will only be able to pay $500 of the $675 rent that is due to...