John Barton
Using Future Rental Income to Qualify
Can you use future rental income to qualify for House Hacking?I have talked to a few lenders who say that I cannot count future rental income and it is making it difficult to qualify for a loan based on my income alon...
Matt Johnson
Capital gains on primary residence question
Hello all,
Reading through the forums and am learning a lot. Seeing if anybody has any out of the box advice
Bought my first house 12 years ago for $398k, fixed it up and sold it last year for 1.225 mil. It was my...
Robert Leonard
Owner Occupancy - What Is, and What Isn't?
A friend of mine and I were having a discussion about his current situation the other day, and I'm curious to hear others opinions, specifically those active in the BP forums. He currently lives with his girlfriend an...
Mike H.
Capital gains question on sale of condo
Hello BP !wife bought a condo in NYC 15 years ago. We lived there til we had a baby and moved out to rent a 2 bedroom. We wanted to list it sooner but life and covid got in the way and are going to list it in a few ...
Gabriel Gorman
In Military, pcs'd. Have equity in house, Heloc options?
I'm currently in the USAF and own a home with about 50k equity in it. I was using it as a primary residence until I had to PCS to a new duty station. I put a renter in the home and purchased a second home at my new d...
John M.
Alternatives to HELOC for pulling cash out of primary?
So, I bought a new primary residence a year and a half ago with cash. I'd like to take out a LOC on it to use for fix & flips and/or buy & hold acquisitions. Problem is, I don't have any W2 income since I don'...
Trevor Zimmerman
mobile/manufactured homes
Does anyone have any experience in mobile/manufactured homes in Oklahoma City/Edmond? What do I need to look out for? I haven't found much about rental prices and how they differ from a standard stick built home. Than...
Armando Chapa
Single apartment unit or duplex for first deal
I’m looking to get my first deal done, what would you guys recommend for get my feet wet In the game ?
Scott Kelley
Sold my house, need help with 1031 rules
Hi all, I have some questions about using the 1031 like kind exchange to avoid some of the taxes I could incur.I closed on my first home a week ago. I lived in that house as my primary residence for 15 years. I have...
Christine Smith
Second Property - HELOC
Hello, we're looking at purchasing our next property. Our first property is our primary residence, with a back house. To make the next purchase, we're looking to use a HELOC on our first property for the down payment....