David Jesse
Do I pay income tax on rent income paid towards mortgage?
Hello EveryoneI am considering buying a house in California which has a guest house suitable for one person to live in. I may live in the guest house and rent out the main house or vice versa. Do I pay income tax on t...
Matt Blutowski
Tenants necessary?
I'm looking at my first properties, and have been cautioned by a friend to avoid a duplex that looks good because it does not have a rental history.
A granny owned the duplex, and since she died one of her adult gran...
Cliff Harrison
Closed on Rental Property #20 in Grandview, MO
#20 is my fifth house in the same working class south Grandview neighborhood. This one is a BRRR. I'm buying it from a bank that foreclosed on it. It has some interesting features in that in the past it appears to h...
Bryan McGhee
What are the most important socioeconomic indicators?
What are the most important socioeconomic indicators to pay attention to when researching an area suitable for rehabbing houses? How should I measure these indicators and where is the information on these indicators a...
Paul Wolfson
Remodeling: Should you buy value add?
If you were buying a house for yourself which would you choose?A) The house that is fully remodeled. Price: 750k.B) House down the street. Same sq ft. Identical to house to A, but NOT remodeled. Livable for now, but w...
Jacqueline Chavarro
Anxious for next investment- NYC
Background: Currently house hacking first 2 family in Bushwick in 2012. I rent both floors. Info as follows:
Purchase price: $440k with 40K down
Current Principal Balance $330,369.37
Current Interest Rate 4.125%
M...
David Paul
Homeowners insurance
Hello bp!
I have just purchased two investment properties, one townhouse and one condo. I need to get homeowners insurance before closing and I am wondering what a suitable amount of coverage would be. I believe that...
Brian Gilbert
New Investor looking to Network with Others in Brevard County
Hello BP! I'm a new investor to the Central Florida Area (Brevard County) and I'm looking to network with other Investors/Contractors/Lenders etc in the Brevard County Area. I've already started a small list of fell...
Bin Chen
What happens to capital gains when you transfer property to LLC?
Hi all,So the situation is as follows:My father bought a house 15 years ago for around 300k, it can now be sold for about 700k so if I were to sell the property There would be a 400k capital gain. Last year my father ...
Alaziz Bridgeforth
Loan Type?
Greetings!
What type of loan would be suitable for a buy and hold property?
I work full time but I'm am not a home owner as of yet.
Should I become a homeowner before I try to become an investor?