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....
Jordan Petchel
Asbury Park NJ Multi Family Property
Property in Asbury Park NJ is listed for $850k. Needs lots of renovations but my current rent practically covers the $5800 mortgage. First time investors. Looking for advice before I talk to local agents.Any idea on t...
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 ...
Shaun Callais
Selling or 1031 Exchange? Denver duplex that was purchased as pri
My wife and I purchased a duplex in Denver last year. It was financed using a primary residence mortgage. We had to put $105k down to qualify, based on DTI. We lived in one side of the duplex for about 7 months, then ...
Account Closed
Funding Our Second Deal
My wife and I recently did a cash out refi on our primary residence and used the proceeds for a down payment on our first STR investment. We close on it this coming Thursday.
We ar super excited and I’m already l...
Tom Ayers
Rent Relief Program details
Just an FYI of what Forsyth County is sending out in relation to rent relief:Forsyth CountyNews UpdateRent & Utility Relief Program Available Beginning March 8 for Forsyth County Residents Impacted by COVID-19Rent...
Gary B.
Compensation Structure of Resident Manager in 27 unit apts
Hello Fellows,
I have a resident manager who is on Section 8 in my 27 unit apartments. My property management company says that they cannot a credit logging since she is on Housing. I end up paying her 40 hours p...
Casey Murray
Sale of Primary Residence With over $500K in Gain
Hi BP,I have a question when you have over $500K in gain when selling your primary residence. Let's assume the big concern are the tax implications since the projected gain before the exclusion is $1.2M; see projected...
Juan Pastrana
Cash Flow vs. 10 Year Outlook, Pennies vs Dollars
First Post! I've been trying to buy a home/deal in the Dallas area for the past 1.5 months. From analysis it has been difficult to be competitive in my offer because I'm going lower than others after accounting for th...
Account Closed
1031 Exchange to Owner Occupied multi-family
I'm curious to know if it is possible to use a 1031 Exchange to go from a non-owner occupied multi-family to an owner occupied multi-family. Are there rules prohibiting that?