My question is I have a property that I am repairing and renovating to become a future rental within the next year or so. I think that I should be able to write off the expense of renovating, as it will become a renta...
So I have a non-primary house that is valued at $220k on Zillow (just a reference point), what options do I have to finance around 100k out of it to renovate the house? Credit is fair but not great, I have access to a...
Hey all,
A relative of mine has asked me to advice them on the concept of house flipping -- buying derelict properties, renovating them completely, making them a home, and then selling them for a fantastic profit. I'...
I have an opportunity to view a potentially offer on a cute 3/2 house in the most desirable community in my area for a house for myself. I anticipate the purchase price would be about $260,000. If I move out of my ex...
Crossposted in Texas forumHi,
I'm in Texas and my dad passed away nearly 2 years ago. I inherited his home which is paid for.
I've been living in it and have done heavy home renovations. I know
that if I put it u...
Hello BP community
I just bought a 2200 square feet single family home in Baltimore City. My wife and I are planning to flip this house. This is our first big project like this. We would like to get your opinion on c...
Hello,
This is my first post on the forum and trying to get some guidance on a situation. My wife’s mother had passed away awhile ago in the house was taking over by my wife. They had to refinance it to basically kin...
Hi all – Looking for some advice on loans and financing. I am a first-time home buyer in a complicated situation. We have a contract on a home that needs a full renovation. New floor structure, new layout, new HVAC, u...
After record low year for move-outs in 2020 (only two) and new purchases (26 units), this year we had record high move-outs: Move outs from units which need to be renovated:1) Tenant bought house (1/21)2) Tenant went ...
My fiance's dad has a property that is owner financed. His current payment on the property is interest only payments for the next 6 years at which point the loan balloons (he is family friends with the owner and could...