Tim Boeving
Inherited home questions
Hello BP community. I'm looking for some help. I recently inherited a house in Hilton Head after my mother passed away. I have a 1/5th stake in it. We have a great interest rate currently but one maybe two of the bene...
Michael Cortez
SUBJECT TO PURCHASE - WHAT HAPPENS TO HOME INSURANCE?
Hi all,There's a property I'm looking at in Florida that has been on the MLS for just about 90 days. I briefly spoke to seller and got her motivation and some facts about the property. I would like to pitch a sub to d...
Sarah Jukes
Taking unpaid rent from Security Deposit.....?
Hi,
Section 8 tenant lease started Friday, following day they decided to move out! The lease is between us and the tenant. Section 8 were to pay the rent (but the first payment takes a few weeks to be deposited and i...
Terry Lao
Regular tenant or Section 8 tenant paying higher rent?
Which is better, renting to a regular tenant or Section 8 tenant paying higher rent? I have (2) fourplexs, one is fully rented by regular tenants, and the other is fully rented by Section 8 tenants, in Las Vegas.I wou...
Daniel Fresella
House Hack Beginner - North Little Rock, Arkansas
Hey Everyone, I posted a few months ago about looking to buy my first property. After a few months I'm finally under contract for a 4 bed, 3 full bath in North Little Rock Arkansas. My goal is to house hack this first...
Alex Jurgens
Buying a Duplex with a Business Partner
Hey Y'all,I'm purchasing a duplex with a business partner. The Loan Officer said it would be easier/better if I was the only one on the loan, since my partner was getting his portion of money through a cash out refi a...
Marilee Sando
Capital Gains on owner occupied triplex
Selling my house hack (owner occupied triplex). What number to I put on the 1099-s for gross proceeds? It it the actual gross proceeds OR is it only the portion of proceeds of the rental portion of the property?
Christopher Cordero
Need practical advice on Second Home vs Investment Property Loan
I am working towards my first rental property and found a property that I may be sending an offer on. I currently own no properties, and I live and work out of NJ. I'm looking to buy in FL.I've talked to a handful (...
Cole Stephens
House Hacking w/out utilizing investment property tax benefits
Hello, long time reader, first time poster. I have a question regarding a house hack strategy -- I apologize if it has been asked before, if there is a similar post please link it & I will utilize that as a refere...
Account Closed
Owner-occupied rental property tax strategies and resources
Hey everyone. I currently own one investment property. I read BP's tax strategies book and did my bookkeeping for the year so I'm pretty familiar about tax strategies for investment properties.
I'm currently splittin...