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Greetings, all! I currently have a FHA mortgage on a condo that I'm renting out. I want to purchase a multi-unit building for myself and other family members. According to mortgage lenders, I can't get another FHA loa...
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I have successfully over past 2 years flipped 4 projects on my own I have netted 45k(long term lived in) 30k 40k 48k respectively. I have 2 years of tax returns all basically from capital gains under my own name. I h...
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How do you calculate depreciation for a residential property?
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I am suggesting for your 100th podcast add a fifth famous 4 question.How long is it going to take you to retire, or what constitutes retirement for you?And how much wealth would you need to accumulate to retire?
Have borrowed money from a friend to start a company. Don't have the funds yet to start paying him back, My question,, How can I pay him with my own money, and then reimburse myself back when able through the LLC.
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We’re purchasing a home in a high demand area and we would like to rent it out on weekends every now and then. We plan on renting a small studio for ourselves to keep most of our belongings there and attempt to rent i...
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Hello all. I am considering investing in the North Austin/Cedar Park area. Which would make a better rental property - a brand new, medium-sized home on a relatively small lot with lots of features and "trendy" interi...
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Hi BP'ers,I'm in contract to purchase a property in the Easy Bay, CA and I'm working with several partners on the deal. I'm looking for an attorney that can help with setting up a joint venture agreement between the p...
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Ive done some research and spoke to an accountant but Im curious if anyone here has advice on this topic. We (my wife and I) converted a primary residence to a rental property and it has appreciated considerably. We...
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I have come across a few properties where one would assume a loan as opposed to buying the property outright for cash and putting new debt on it. My attorney said this is a much easier process. Are there significant...