Brandon Montgomery
Does your first rental really save you on taxes?
With the standard deduction being 24k (or so) for married couples will one single family rental save us on taxable W2 income? I just purchased my first property and plan to BRRR it so it will have 20k or so worth of r...
Lorenzo Dudley
How much should I renovate while house hacking?
My wife and I purchased our first home and we are planning on house hacking it is a 5 bed room 2 bath we plan on renting out the top 3 bed rooms and live in the basement the upstairs is rent ready but my wife and I ar...
John Hua
Section 121 question
Hi all, Me and my wife live in our SFH full time for the past year. In the upcoming year, we are getting roommates to help with expenses while continuing occupying as primary residence. We have ~400k in gains after im...
Rachel H.
Leasing to an Unmarried Couple
Hi everyone. I'll be renting out my house for the first time, starting next month. The tenants seem terrific and I don't have any reason to be concerned, but they are an unmarried couple and I'm wondering if I should ...
Bryant Mortimer
What are High Net Worth Individuals And Why They Continue to Buy
According to Forbes, the U.S. has the most High Net Worth Individuals in the world. A High Net Worth Individual (HNWI) is generally accepted as person who has $1,000,000 or more in liquid assets. A liquid asset is mon...
Suzanne Damon
Capital Gains avoidance
Question: My 94-year-old father-in-law in Law is very well-balanced in assets . He has a home in WNY that is owned and was a marital primary residence until the demise of his wife. Now, if he were to sell he would owe...
Corderos SMith
Is a 5.35% interest rate worth it?!
Longtime reader first time poster. So my finace and took the first step towards purchasing a home. We recently got an estimated FHA loan approval for $125,000, our lender said she can use a tsahc (Texas state affordab...
Dylan M.
Good or Bad Idea? NEED ADVICE on Partnership Idea for First Deal
This is my very first BP post, so I hope this is in the proper forum. I'll try my best to be thorough. BACKGROUND:I am married with two young children and am looking to make my first real estate investment. We are int...
Kevin Boyd
STR as Wedding Venue
Who uses their STR as a wedding venue? I have one property that, while we haven't advertised it as a wedding venue, we have hosted several wedding there. I have another property that I may sell, but I am considering m...
Mehran K.
Multi-Member LLC Operating Agreement for Buy & hold, Key Points?
Hi everyone,
I and a possible JV partner are planning on purchasing a property with all cash, rehabbing it, and renting it out. In the future we may seek financing after seasoning to pull cash back out. We are open t...