Hannah Smith
Owner Occupied vs. Out of State for First Deal
Hi all! Happy New Year!I am fairly new to BP and have been researching and saving in anticipation of buying my first property this year. I currently live in Raleigh, North Carolina / The Triangle Area and consider my ...
Vishal Amin
Private Lending with no BRRR? Confused?
Hi,How would a private lending deal work with no BRRR? I understand when you are doing a BRRR and getting that appreciated value to cash out refinance and eventually pay the private lender back with interest, by crea...
Minne Carlton
How to convert my half of a duplex to a condo
I own half a duplex 1st floor and basement. What steps should I take to convert it to a condo. I would like to solely be control of utilities and things without worrying about what the owner of the other half has goin...
Matt Madalis
Tax on SFH converted to Rental
I bought a SF townhouse in mid-2008 as a primary residence, after living in it for 5 years we converted to a rental in 2013.Since the fair market value at the time of conversion was less than the purchase price does t...
Larry Hucks
Question on 1031 exchange
Hello BP familyI am currently putting an investment property on the market with the idea of doing a 1031 exchange. I would like to by an SFR and "house hack" - live in one room and rent out the others. But, I was read...
Matt McGinn
El Paso- to convert or not convert a garage to a bedroom?
Greetings all! Hoping to hear some advice from experts in the El Paso, TX area but I'm appreciative of any feedback- I have a 3 bedroom 1500 square ft house in the northeast with a two car garage I am considering con...
Akil Mitchell
Buying property with occupied illegal unit
Hello, looking to get into my first house hack in Chicagoland area. I came across a 2-flat with a basement that has been converted into garden unit with 3 bedrooms and kitchen and bath. My realtor found the city build...
Mia Shlomit
Converting to condo in Union City, NJ?
I've been eyeing a particular 3 unit multifamily in Union City for a while, to by as an investment. The idea was to upgrade the units significantly and raise the rents, then possibly sell once stable. Alas - the new o...
Account Closed
Using land contracts
Good afternoon. I wanted to know if anyone has used land contracts to sell properties. And if Pennsylvania allows the use of land contracts. I was looking at a gentleman name Ron Legrand on YouTube and he seems to swe...
Jack H.
Adjusting the tax depreciation basis???
I purchased a property at the height of the market in 2005. We lived in the property for 5 years and started renting it in 2010. Original price was $445k but in 2010 they were going for more like $360k. My tax guy tol...