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So, I've gotten super excited about real estate these past couple of months, specifically multi family. Because of this, I got super bummed out when I heard the fact that it's a lot more difficult AND expensive to get...
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Curious if anyone has tax advice if a primary residence was lived in for 4 years, converted to a rental and placed in LLC for a year, then sold. Is the gain subject tax or can it fall under 2 of the last 5 year rules...
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Hi BP,I am looking to buy a multifamily with two friends in San Diego. Have to get more people on it since the high price in SD. Here is our situation Friend 1: Main Borrower. No Primary residence so this multifamily ...
I am a newbie passive investor and trying to understand tax implications of selling a rental property which has passive suspended losses. I don't have a primary residence (i myself live is an apartment), and recently ...
Hi,Looking for some advice related to immigration law and RE investing.I'm employed in the US on an L1 visa. I'm about to buy a 3BDR house in NJ and thinking about renting out the two spare rooms on airbnb. Is that co...
I own my residence.
How does a home equity line of credit work?
Can I get one to buy a house that I would plan to live in, using my present residence as a rental, or possibly selling it?
Apparently they are a bit mor...
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Investment Info:
Single-family residence buy & hold investment in Hillsboro.
Purchase price: $215,000
Cash invested: $12,000
Detached Single Family Home, 3Bed 2.5Bath, 1,400sf. Tenant pays utilit...
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I'm looking for a HELOC, at least 80% LTV, with good rates (obviously). Property value around $600k. Any recommendations? I hear credit unions give good rates. I've gone into US Bank, and they seem to give good ra...
Hey Bigger Pockets fam, I'm JP Wurth and I'm an engineer for Corvette engine assembly in Bowling Green, KY.I have just got my primary residence under contract set to close at the end of May.I will have a good chunk of...
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Good evening my fellow investors,How are you doing today? We hope you are well. I need your advice. So please help me. I live in the Inland Empire, CA. I have two homes. One is a rental, and the other is used as...