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Hi BP,We are currently under contract for an ocean property for a vacation house with more than 10 acres of land (where we'll build another main house). Working with a lender who says we should be able to finance it a...
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I did some research and I found that a lot of threads here are in regards to buying and investing commercial property. However, I want to know more about the operations of an elite broker. A relative has given me the ...
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BP members :
This is my first post on BP. I am on the process of looking to buy my first buy and hold property in Miami . While in the process , I came across a property that had a significant disconnect ( about 60k ...
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I am renting out 2 of my 3 bedrooms in my house. I have one renter in one bedroom already but am seeking to fill the empty room in my house. Any renter that has filled any room in my house so far has been a close fr...
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If I have 5 houses in an scorp and they have been held for different periods of time, between 0 ad 3 years, and based on previous transactions the IRS determines I should classified as a dealer, does that effect all t...
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Here are the 5 things I look for when looking for a house hack property on the cheap. Since I live with my wife and she doesn’t like sharing spaces, we have to find houses where we can convert units or close off space...
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I am working on a deal to purchase a seasonal short term rental property next year. We are 99% there as far as negotiations, and fortunately both the seller and I are on the same page that we want the transaction to h...
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My wife is getting about $550k from the sale of a family farm. Would prefer to not pay capital gains and do a 1031. Looking for either a vacation rental or adding another long term rental property. We live in Elkins, ...
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If qualified to take the 20% QBI deduction, do we have to take it? One of my properties has a net loss for the year and opting for QBI deduction actually increases my tax bill. For my other properties with positive ne...