I am looking at purchasing a mobile home park in the town I live in. The basics of the listing are:Purchase Price: 2,500,000.00NOI: 224,000Cap Rate: 8.965.311 acres18 mobile homesRenovated in 2020I have never made an ...
Hey everyone, had a debate with someone recently and I wanted to verify with all of you. I was told you have to pay capital gains tax on your primary residence and that you can only do a one time tax break to avoid i...
Hello,
I am hoping to get some input from the BP community on my current situation.
I purchased my primary residence 04/2022 and have been house hacking it since. My plan was to live in this property and save up a d...
I am in the process of doing my taxes and was able to register on the new tax center website. My rental properties do not earn over 100k/year so I was able to file the BIRT easily, but I'm confused regarding the NPT ...
Hello - I need some clarification. In the state of South Carolina, I understand that there is a hefty tax on out of state owners for second homes. My question is this: If you are a resident of South Carolina, is there...
Looking to refinance current residence from VA loan to conventional as a primary residence, however I am being warned that I will need to live in the current residence for at least one year.Has anyone else heard of th...
I am a newbie to the real estate game.. I am currently focused in wholesaling because its one of the easiest real estate niches to get into .. I have some capital and i am considering investing in houses to rent out...
I own a condo in Silicon Valley worth about $300-325k. I owe $130k on the mortgage. I currently rent it out for $1650/mo and profit $250/mo. I now live in Austin, TX, and need to purchase a primary residence for my wi...
Hello everyone. I am extremely new to real estate. I know nothing about it..at all. I love learning new things and have had a desire to learn about real estate for a while. WHERE DO I START?! Aside from that, I would ...
Is it true that there is a limit of 10 Fannie Mae loans over a person's lifetime? If so, is that 10 concurrent loans, or just 10 total?Does it apply to non-owner occupied/investment properties as well? This is in rega...