Mitch Villalva
FHA mortgage loan
Good morning BP,I have a question about my current loan. I purchased a home about 6 months ago via a FHA loan. I have received a notice about having my PMI reduced or removed. Good news to me up front. I recently fo...
Chris Simmons
Reduced Rent / Pay Tenant for Grass Cutting & Snow Removal
I'm a recent lurker, first time poster. I purchased my first investment property back in September...an 8-unit building. The previous owner was a bit laxed in his management style. He did not regularly increase ren...
Chad C.
When would long term gains be taxed as self employment income?
I currently work full time, and I have 10 properties that I have installment sales on, and they will be taxed using long term gains. I got the impression from my CPA that if I was to reduce my employed hours enough(or...
Alfie Park
Extreme Houston exurbs as an attractive cash flow play?
Hi,I am considering investing in my first rental buy-and-hold property here in Houston. I live in the Houston suburbs so naturally started looking here first. With the market recovery, it seems most of the properties ...
Account Closed
4-plex Co-op?
Hi! This is my first post, so here goes. I just bought my first 4-plex. It's in Cedar Rapids, IA. The purchase price was 113,000 and I put exactly 20% down. Each unit rents for 495/month... quick math would make one t...
Eran S.
Neighboring condo owners not paying their dues
Hello fellow home owners,
I recently bought a condo in Philadelphia, the condo management fee I'm paying is fairly high for the services, and it's because 2 of the owners (in a 4 units building) aren't paying their c...
Kevin Sapp
Tax on unused insurance settlement
Hi,Situation is a property that I own outright, had roof damage and received an insurance settlement. Because of the circumstances, sold the property, the settlement will not be used to repair the property. Some of t...
Cliff T.
Received a letter today from a firm that protests property taxes
Hi all,I received a letter today from a firm (Texas Tax Protest) that claims they will negotiate your property taxes down on the owner's behalf. Has anyone dealt with this type of firm before?The cost is $295 and if t...
Julian Riezgo
Moving to another House Hack
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?...
Marci Stein
Help me understand something
so I have a buyer for my house at 58,5000. They want a seller concession but not sure what that changes for me?Buyers agent sent me a message ( thru my agent) which says"buyers will roll maximum 6 percent into loan fo...