Hi Everyone,I am thinking of purchasing my first home and have a question about mortgage applications. I have excellent credit (>800), however no history of a mortgage. I had a loan out on a car that was paid off i...

Hi everyone, my first post on this forum. I'm hoping that someone here can offer some advice on a rather uncommon situation.I'm an Aussie passport holder with a non-immigrant b1/b2 US visa, so in simple terms I'm a fo...

I was recently told that  for a solo 401K distribution ,  it was required that you sent 20% withholding  to the IRS by the 15th of the following month .  I am over 59 and a half .This seems odd to me since in a regula...

I have two rental properties and a primary residence. My two rental properties my wife and I have on 15 year fixed mortgages and are about two years into it. They are in the Tampa market. They have a significant amoun...

If a DoJ lien is filed AFTER the foreclosing party’s lien – is the DoJ lien extinguished at the foreclosure sale (no longer attached to the property) ? For example, foreclosing mortgage lender lien recorded in 2005 an...

Hi there,I’ve recently been looking into offsetting energy costs for my multi family properties and was wondering if it’s worth the time and effort?I’ve heard NJ has a great incentives through SREC-IIs and ITC for fed...

Hi BP friends,
I desperately need your help. After learning about tax sales and doing due diligence I found two properties I want to buy at an online auction a week from now. 
1. On the 1st property (vacant land, ra...

Hello allMy brother and I have created a complicated mess with our real estate transactions over the past decade.  We're now trying to clean things up via an LLC.  Currently, we have some houses in California that we'...

I found an attractive multifamily property going for foreclosure.
Property assessment price is around 1M. Unpaid mortgage on this house is about 500K.
In one of the adds about the upcoming auction I found a note:
...

my parents in law want to give us $60,000.i know there's a $16,000 gift tax limit. so to qualify this limit, does my parents-in-law need to wire me and my wife respectively 4 times at $15,000 each time?what will be th...