Cherie Hampton
Conventional Lenders Don't Like House Hacking Strategy
Merry Christmas and Happy New Year BP Family! Has any house hackers run into issues getting a conventional loan for a new/primary residence due to taking a loss on prior years tax filing on multiunit? Otherwise consid...
Jonathan Krauser
Using a flip to purchase a multifamily property with a 1031 exchange
After doing several flips in the last few years, I am tired of my profit being taxed as short-term profit. I usually purchase properties in the $200K to $250K range for cash. My rehabs have averaged anywhere from $1...
Nick E.
Closing early January 2016. Tax consequences
Hello,I will be closing on my first rental property on January 5th. The house needs numerous small "repairs" that we are planning on completing in the first few days of owning it. Most of these items are small like ...
Gregory McKinley
Tax Deed Investing Inquiry
Hello BP, I am new to the investing world. My focus will be mainly on tax liens and tax deeds. I would like to supplement my FT corporate income with this method of real estate investing. I am in the learning phase cu...
Nerton Saintfort
First-time buyer grants
Has anyone use a government grant for there first property? I been thinking about using a government grant for my first investment. I heard from a podcast that you could use it for your first property,but most of the ...
Frank Greco
Best tax strategy when investing out of state?
My LLC is domiciled in NJ. It holds a couple of LLCs that own property. I’m looking at properties in Florida and may move there. What is the best way to acquire new property in Florida? In a Florida LLC? Create Dela...
Ryan Underwood
Rented part of a primary residence
Sorry if this is in the wrong forum--
I rented part of my primary residence, like this:
2006 1/3 of it was rented
2007 1/3 of it was rented
2008 1/3 of it was rented
.etc
but I stopped a few...
Nick Janovich
Closing error found 4 months later
I'll try to make this quick and easy to understand.I closed on my 2nd rental property in October 2015 (yes!)The closing firm told me that the seller paid taxes until July 2016 and I owed him about $1,000 for Oct 2015 ...
Lewys Jones
What is the capital gains tax on an investment property in Fl?
So I purchased my first home in December 2017. It is a 3/2/2 in Tampa Florida. I purchased the home at $243,000 with a 3.5% down payment on an FHA loan. After having the opportunity to move into my parents house as th...
George Cox
Professional Negotiator Needed
I'm working a deal w/ $60k in IRS liens. I need a negotiator who can get that chopped down to improve my spread. I'm in the Philly area. Any referrals will be much appreciated.