Hi all and hope everyone is keeping well/safe.After a water damage incident that I've not yet claimed with my insurance (due to fear of hikes and other repercussions after 2 unrelated claims in 2017 & 2018), I've ...
I have a friend that is looking to relocate. He has a nice home that does not need any rehab. If I took over the payments subject to the existing mortgage, it would cash flow but there is always the posibility of th...
Hi BP members, I have not given much thought about liability protection until now, but I recently started reading books written by Garrett Sutton, and cannot help having questions. (1) Does Michigan afford charging or...
I'm about to make over 500k on the sale of my home. It's been owner occupied for the past 2 years and my income in '18 and 19 has been very low. Under 20k.With that low income, can i still be charged capital gains?I...
Hi. I have been interested in RE investing (SFH), and hope to get started soon. (Any leads in/near Atlanta, let me know). I am also planning to buy our residence in the very short term. I can arrange funds for the dow...
My husband and I own rental property together, we are both on the deed. My husband qualifies as a real estate professional for tax purposes. We want to use that to offset my income, as I am the higher earner (I have a...
Does taking out my 1st mortgage on an investment property that was paid for in cash disqualify me as a "first time home buyer" who can put as little down as 3.5% on a primary home? I want to make sure that I don't end...
Wanted to put word out about this. It will primarily impact people who do not pay rent or a personal housing expense. Examples:
- You are my client and 3 years ago I told you to shove all debt (including mortgage and...
Hello,
Tried a search, please forgive me if this has come up before.
Running the numbers for my 10 year plan... At a rate of 20% down on each ($50k or less MF properties), reinvesting every cash flow dollar earned,...
Hello all, I was wondering if it’s advisable to invest with your spouse? I’m really into purchasing real estate as an investment property and renting it out rather than buying real estate to live in it. My spouse is i...