Leo B.
Solo 401K and Hard Money
Has anyone used a Solo 401K to fund down payment on a home and hard money to finance the rest of the purchase and rehab of a fix/flip property? I understand that you can only use non-recourse loan with the Solo 401K....
Zoe Lee
property tax increase 50%
Hi all,Just noticed there is a 50% property tax increase for a property we bought early this year. Specifically, it's the "improvements" that doubled from 2018. It's been flat for decades and all of sudden hiked. I no...
Matt Parker
New OR house hacker questions
Hey BP family,I found a duplex off market that I intend to house hack with my VA loan. The seller is an older guy and wants to retire from real estate. He’s had the same tenants in place for almost a decade and their ...
Daniel Mendez
HARD MONEY LENDERS: Question for all my investors
Good afternoon BP,I have been recently reaching out to hard money lenders out in the Ohio area to get more information about the company, fees etc. Some of the hard money lenders only lend out to LLC's. I am looking t...
Kevin Suzuki
House Hacking Discrimination?
Hi BP!Long-time lurker, first time poster. After listening to podcasts and viewing forums, I wanted to try to house-hack the home that I own and currently live in.My question is, am I allowed to choose a tenant who I ...
Robert M.
Tenants want to buy my rental property in Philly - should I sell?
I own a one-bedroom condo in a desirable part of Philadelphia (Fairmount/Art Museum). I paid $265k for it in 2015 and am lucky enough to own it free and clear. I moved away from Philly last fall and listed it for $275...
Trevor J.
Selling home after 1.5yrs - Will Capital Gains Tax be Excluded?
Hey All,
Has anyone had any success with having their capital gains tax excluded upon sale of your property after living there for only 1.5 out of the last 5 years?
In Garrett Sutton's book, "Loopholes of Real Estat...
Mark Samuals
2 Year Rule for Capital Gains on Rental Prop
I purchased a property in California several years ago and lived in it as my primary residence for around 3 years. It is currently rented out and I am thinking about selling next year when my tenants lease is up. Wh...
John McLaughlin
Starting a Hard Money Lending Business
Looking for advice and direction on getting this business. For starters I will be lending my own money and over time will took to invest with others. Thanks for any support or direction.
Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
Hello,If I gift a house, what amount will go towards the lifetime gift limit, the amount i purchased the house for, or the current FMV?It is my understanding that the new owner will have the house at the cost basis of...