Joel Johnson
Common Areas in a House Hack (Taxes)
I just purchased a new, larger home. I am house hacking and renting out one of the rooms. I use TurboTax for my taxes every year and they want to know what percentage of my home is being rented? Do I get to count any ...
Billy Daniel
Survey Issues from Lender
We are currently under contract to buy a house. We ordered a survey as this house hasn't been professionally surveyed since the early 90s. Lo and Behold the driveway to the side entrance garage is halfway on the nei...
Maugno M.
auction.com Earnest deposit
So ive been following a property on Auction.com. It didn't sell at courthouse and then it came on Auction.com for sale. I bidded up to the price I was willing to pay and I lost the bid. It went over like almost 5k and...
Tom Wheelwright
Two (2) Ways to Take Your Rental Real Estate Losses
Even if you have strong positive cash flow from your rental real estate, chances are you still have a loss for tax purposes due to the depreciation deduction.
This is a great tax strategy because your positive cash ...
Tolulope Adewole
Zoning issue with refinance
Hey folks. Hoping I can bounce ideas off of this group to figure out what to do with my situation. I purchased a home in August, GA in March 2021 that I rehabbed and was ready to refinance in November 2021. During the...
Richard Davis
Double Dipping with Fannie Mae Delaying Financing Exception?
Can I buy a property (Property 1) with cash, refinance it the next day through the Fannie Mae delayed finance exception, turn around on day three and buy another property (Property 2) with the cash I get out through t...
Dan G.
Income taxes paid out-of-state with rental properties?
Hello,I am thinking about buying some SFH rental properties in the Midwest. I live in Florida. If I buy houses in Michigan, for example, do I have to pay state income tax in Michigan, even though I don't live in Mic...
Todd Ashley
Second FHA Loan if Moving Out of State?
Hello BP FHA loan experts,
I believe there is a relocation exception to the rule of only having one FHA loan at a time, is this true? I bought a small multi in Oregon using an FHA loan in March. I quickly upgraded o...
Steph C.
Title Question
Hello,
I noticed a listing for a property that is in a great location but at a super cheap price. It's been listed about a year and is an REO.
...
Miguel Ortega
FHA Loan on Small Multifamily
I would like to househack in a small multifamily home using an FHA Loan as my first investment property but can't due to already owning a primary residence. My dad however, is qualified for an FHA Loan. Can l use his ...