Val Csontos
IRS says: No Capital Gains Tax for You if you sell your section 8 rentals!
There is a catch of course, but that is normal when dealing with the IRS. However if you have a long time Sec 8 rental, and you wouldn't mind to sell at ZERO Cap Rate this is your lucky day!!Read the details on this ...
Steven Coppola
Down payment on rental
Hey BP! My parents own a 6 unit apartment. If I buy it off them then live in one unit and rent out the other 5. Will I still qualify for a lower intrest rate and mortgage rate because I live In the building. I know th...
Ndy Onyido
Lender Scam: Has Anyone successfully worked with this company?
Hello BP Nation.After reading the post with link below:https://www.biggerpockets.com/forums/517/topics/60645-lender-scams-and-warning-signs-beware-protect-yourself-I decided to share this experience to ensure no one i...
Kash Klafke
Advice on Seller Financing
Hi everyone! I am looking to start investing in multi-family and after listening to creators like Pace Morby talk about how amazing creative financing is, I really want to try and acquire my first property using selle...
Steven Jones
Reducing Risk of Losing Appraisal Fees on Bank Loan Applications
Hello BP,
I'm looking to do a cashout finance for a duplex and single-family home. Both properties are owned through two separate LLCs. I was recently working with a bank that came very close to approving my loan but...
Anthony Vander Meer
Is the 3x rule really necessary?
Hey all, Yes you should always use the 3x rule when evaluating if a tenant can afford your rent. However I've come across a few very good applicants who have great credit, little debt, and solid jobs. There salary's ...
Logan Jorns
How long do you have to live in the property for FHA 3.5% down?
I am interested in purchasing a fourplex with a 3.5% down, FHA loan. Currently I am in grad school and attend school out of state to where this property is located. I spend about 6 months in St. Louis (where this prop...
Wesley Pittman
Acceptable "Receipts" for Tax Audit Purposes
Hi,Right now I only own one investment property and find myself already spending more time than I would like cataloguing my monthly utility receipts for the property. I deduct these expenses and want to have proof of ...
Allison Keane Barr
Multifamily property mortgage - Watertown, NY
Anyone have banks they would recommend for a 2-family investment property mortgage in Watertown, NY? Willing to work either with a local bank or a national one.I just had an offer accepted there and I'm trying to figu...
Jeff Mohror
Delayed Financing Exception - Commercial Property
I am considering placing an all cash offer on a 6 unit apartment building. The intention is that the all cash offer would be more attractive to the seller. If I close the cash purchase can I obtain delayed financing o...