I heard on a YouTube video that in order for you to move out of your 1st house hack after you've lived in it for a year, you need to have 25% equity in the house for you to move on to another house hack. Is this true?...
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The Ability to Repay Rule issued by the CFPB caps the maximum ratio at 43%.
Given that in most parts of the country it costs $75-$85 per square foot to build a site built SFR (sans land) a 1,200 square foot h...
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I received this from my accountant in his newsletter. I thought it was worth passing along.
Nine Facts about Mortgage Debt Forgiveness
If your mortgage debt is partly or entirely forgiven during tax years 2007 t...
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Any help would be appreciated. I have a tenant who hasn't paid rent since March. They have notified me that their income was reduced due to Covid-19. They sent me an email stating that ”they know their rights and do n...
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Hi everyone,I am getting into wholesaling and lease options. Note buying after a downturn. Including my day job (135k/yr) that means a whole lot of taxes to pay.Does anyone have advise on how to reduce taxes for someo...
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Hi Everyone,
New to the site and posting some introductions. I have always had a passion for real estate and dreams of building a passive income business that can replace my full-time job. I am here to start that j...
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With record low interest rates and the new FHA mandate by Obama to lower mortgage insurance premiums, does anyone plan do a streamline refinance? I'm looking in to it and waiting to hear how it will affect monthly mor...
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As discussed on many previous podcasts, posts most recently in the latest podcast and as general conversation, the discussion of private financing vs traditional financing.I have spend the better part of this year, th...
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I thought BP was a great place to reach out to get input/advice from all of you awesome people. Quick background about me: I have been in Real Estate for about three years (mostly as an agent, have done some wholesali...
I am looking at purchasing my very first duplex(es) with in 90 days with a lofty goal of acquiring 20 units per year over the next five years and will re-evaluate after that. My wife and I are professional nurses and ...