Reco Ford
Keep renting or sell
I currently have a rental property with about 150K of equity in it. This was previously my primary residence and has been rented for 1 year. So far the tenants have been paying the rent, sometimes a week late and no...
Ashly B.
Best tax stragegy for my situation?
Currently have 1 4-plex and I'm looking to expand my portfolio this year. I recently got divorced and he kept the primary residence. As a now single person with no mortgage deduction, a 6 figure income and only gettin...
Vik C.
NYC coop as a rental property - questions
Hello all,I currently reside in a NYC cooperative building (meaning I do not own the actual apartment but rather shares in the coop). For all intents and purposes, as a primary residence it comes with all the same tax...
John Matthew Johnston
Only one Refi at a time?
We did a Refi on our primary to take advantage of the low interest rates and now our lender won’t let us Refi out of one of our rentals until 3 days after our closing on our Refi for our primary, is it possible to do ...
Paul Newby
Advice on strategy
I am currently looking to purchase a property to use as my primary residence (first time home buyer). I qualify for down payment assistance and mortgage credit certificate, so I was going to use those benefits to get ...
Prasad Gupta
Primary residence sell or rental ?
I am planning to buy a new primary residence.
1. Would you sell your house and take advantage of not paying capital gains ?
2. Would you rent it ?
Thanks
Matt Pursley
House Hack - Timed perfectly
Investment Info:
Single-family residence other investment.
Purchase price: $240,000
Cash invested: $45,000
Sale price: $392,000
This was a house hack. 5% down, major kitchen remodel, light bath r...
Shu Zhu
Selling previous primary residence to my LLC?
My previous primary residence, now a rental, narrowly escaped flooding during Harvey, so I am thinking of selling it. I will need to sell it by the end of November to enjoy tax-free profit from the sale. Given there...
Mike Terry
Help with creative financing strategy for neighbors house
Hi BP community, I would like to request your help. I have an elderly neighbor that I have known for 15 years. She has recently been admitted to a memory care facility. Her home is free and clear and her sister wan...
Taylor Burback
Converting My Marina del Rey Primary Residence into a Lucrative Midterm Rental
Investment Info:
Condo buy & hold investment.
Purchase price: $1,300,000
Cash invested: $143,000
I am an enthusiastic real estate investor who acquired a remarkable condominium in the highly soug...