Almost related to a young couple that own a condo as a rental that is 60k underwater.
The wife bought it when single as a primary residence at market peak with basically no down. The lender says no adjustment because...
Hi BP fam;CA resident here looking to shift equity from personal residence into primarily income producing stock. Due to runup in home prices in Bay Area over 10 years I've held my personal residence, I'm facing seven...
Hi Everyone,I am closing on my first rental duplex in mid-December located in an opportunity zone. I do not yet have an LLC set up for this property and it will be owned by my husband and me at first. We were planning...
Hello everyone, I'm new to real estate investing and have been browsing bigger pockets for a couple years now. I cant quite find the answer I'm looking for so here's my question:I have found an off market deal in my n...
Hi all, I would love some advice from you veterans. I own a home in Portland, OR that I bought right before the crash and now since the market has recovered here I have about 135k in equity (more if I sold it of cours...
Hi all,
Wondering if there is a way to get out of paying capital gains on selling a second home for personal use. This is for my mom, who has been a snow bird in Port Richy, FL at this property for a little over 6 mo...
One of my agents suggested that I apply for a USDA loan to finance my first property. It would be for a suburban area, therefore I could apply for it. Other than the common type of loans (FHA, and conventional) I don’...
I bought a townhome with a VA loan in August 2014 and our renters took over in June 2016. We are considering selling this summer, and I am wondering if we can leave the unit empty for two months so we can take credit ...
I am selling my investment property through my company and what I like to know is capital gains is reported the year of the sale or 12 months from the sale? Is there a CAP on capital gains? If I reinvest the net pro...
As income gets tighter for everyone, it becomes all the more important to find ways to keep more of your money. Keep it working for you, keep it turning over in investments, and keep it from flowing away in taxes. Cap...