My goal is to buy a home by age 25 (Nov 2020). I want to house hack and rent to a few friends in order to build up equity in the property which will be used to fund rentals. 1) What are the rules/paperwork surrounding...
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I qualify for the 1st time home buyers program. I would like to purchase my 1st investment through this program. Is it wise to let my bank know I am doing this as an investment or should I say this will be used as my ...
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When you convert your primary home to a rental property, are the taxes supposed to double? I was paying like 500 a year, now its 1200 a year.Does this sound right?
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Hello all! I'm hoping someone can help me out with the situation I'm in right now and quickly as this deal probably isnt going to be around for long. Yesterday my realtor found a great property for a great price that ...
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I have a mundane question here. I have a property that has a solid wood swing set in the backyard. It is getting old now and the current residents don't want to use it. So I am determining what to do. I thought when I...
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Hello and good day! My wife and I are looking to purchase our second multi-family. We believe we found a good deal on a four family however it needs some renovations, so we were planning on doing a FHA 203K loan. Our ...
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Hi,I acquired a rental on cash for $100k few years ago and it has tenants.The property is worth 200k. so my gain is 100k.What is best option I have to defer any tax gain.1- Buy another project for flip using 1031 and ...
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We’ve been told by our real estate agent and by a lender that we can use the 1031 exchange for our primary, however, everything I’ve ever known about the 1031 is that it is ONLY for investment or business purpose, NOT...
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Hello, people. I am currently a fulltime worker with an unloading crew for a furniture warehouse on the second shift. Real physical job. I'm intelligent enough to invest in real estates "debt" (notes) side but unfortu...
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Hello everyone,
I'm a brand new, just starting out REI. I've been studying the basics and have been thinking on how to make my first move. I've got my VA home loan that I haven't used yet. Is this a good strategy? Any...