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Hi everyone!First time home-buyer here, planning a future with the spouse which involves them going into medical school and our need for an extra income!Lo and behold real estate investing and landlording has peaked m...
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Hey all,I have my first rental finally built that we paid for through private lending and equity through our personal house. The goal here is to have a lease signed, put a renter in there, and cash out refinance the ...
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My experience:
I've done a lot of mailings in the past to owners of vacant properties that I've found while driving neighborhoods and for out of town owners (compiled from county appraisal data). The mailing sizes w...
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Hello there! I have happened upon an interesting opportunity that I would love some advice on. My dad has offered my husband and I to take over the mortgage on our family home. I'm not exactly sure what that means, so...
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I own a duplex, live in one unit.It has two separate street addresses, but the mortgage interest, etc. is apportioned in a lump sum to the whole building.When it comes to apportioning expenses such as mortgage interes...
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Hi Bigger Pockets!I have a Airbnb property with a residential "investment property" loan with Pennymac. I understand that Pennymac doesnt allow you to switch the deed to the LLC and I am wondering if I can operate my ...
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Hello everyone,I have a question in relation to reporting a 3 flat or 3 unit that I have in Chicago in the taxes. I still need to create my LLC but as of today the question is the following.How should I report the 3 f...
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We have a two family home. We live on one floor and the other half is rented. The property is being sold for $1 million with a mortgage of about $300k. We're planning on doing a 1031/121 combo. The rental half is esse...
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Hello,
My wife and I own a several rental properties, all of them financed, most of ten twice using the brrrr strategy. I have my real estate license, although I am not active with it. I mainly use it for acce...
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Folks from our company are attending the Northeast Conference of Mortgage Brokers and Professionals in Atlantic City, NJ, tomorrow 10/11 at Harrah's. The event has already begun, but just wondering if any BP folks a...