Hello all,
This is Emma greeting from San Diego, California. I recently graduated from my MBA program and currently work on the acquisitions team in a real estate company. I have been listening to the Bi...
My dad is going to be selling his home soon, a house he has lived in for almost 40 years. He will more than likely be able to sell it for close to $2M, and his basis is probably around 500k. This sale is what is going...
Hi There,I'm wanting to get starting in RE investing but feel a bit "stumped" with how to get financing for my first property. Here is my situation.My wife and I are currently renting a home but would like to buy when...
Hi BP community!Looking for some ideas on how to structure a deal. Our potential sellers, who bought their property a little more than a year ago as their primary home, would like to sell quickly for health reasons to...
I have recently bought an really old house and my husband who is contractor has been working on the house.We are planning to live in and sell after 2 years.I wonder if any expenses can be written off. Any comments or...
I currently own a rental property that profits at least 15K after all deductions. I also own a rental property in cash under an LLC that profits very little on paper. I also have a primary residence with nearly a JUMB...
Hello, I currently have a three vacation rentals. Two have mortgages and one does not. I have a mortgage on my primary residence. We do not use any of the rentals for personal use. I am looking at purchasing another t...
My buddy told me he bought a camper and is able to write off the interest because it’s a “second home”…Which got me thinking…. Can I buy a sailboat as a second home, and write off the interest if it has a cabin? What ...
With your primary residence can you avoid the capital gain tax if you have lived in it for less than two years? Would you be able to do something like a 1031exchange but instead of business or rental property it would...
Hi, I know you can deduct your interest rate payment (on your mortgage) from your Gross income. I have a question about the cap - The limit on deduction is $1,000,000.00. Does this mean that the maximum you can deduc...