CJ Lee
Are all FHA Lenders the same?
Hi BP Community... I am looking for an FHA lender for a triplex purchase. I've read up on FHA requirements but haven't been able to find any tips about FHA lenders. Are all FHA lenders the same? What should I be aw...
Victoria Britton
Advice on buying parents house
Hello,We are new here and happy to be part of the community! My husband's parents (55+) are moving to another city (Temecula, CA) and are selling their home in Riverside, CA, valued at $915K. We love this house and wa...
Josh Smith
Tax Red flags on fully-owner occupied SFH + part owner occupied/rental SFH within 20m
Hi,
I have a SFH1 (4bed/2bath) in which I live with my partner and kid and occupy fully. I also have another SFH2 (4bed/2bath) 20 miles away. In SFH2, I rent a couple of rooms out and keep the rest for my personal us...
Paula Kellogg
How to know when to get a different Real Estate agent?
How long do you give an agent to get back to you with workable properties? Is it too much to ask who they like to work with for a Mortgage Company? Asking about property management companies in the area? Am I asking f...
Patrick Flanagan
Tax Benifits of a real estate pro
I was told that if you or your spouse is a real estate professional and you own real estate, you benifit from it?? Is this true and what all does it mean. Thank you
Bruce Foley
Note Business Name Constraints
I was listening to a number of Chris Seveney "Good Deeds Note Investing" podcasts discussing the need to create domains and entities. The discussion involved lessening the ability for a future borrower to contact the...
Andrew Coulton
Cost seg downstream challenges
Hi all,In 2022 we completed a large cost seg study on our rental portfolio. We qualified for real estate professional status since my wife doesn't have a W2 and is hands on with our rentals. A very attractive tax savi...
John Street
Our First Investment...Rental with Equity
Investment Info:
Single-family residence buy & hold investment in Birmingham.
Purchase price: $60,000
Cash invested: $10,000
This is an investment property in the Roebuck Springs area of Birmingh...
Armen Ter Avetisyan
Can a second home qualify as a STR that you can bonus depreciate?
I recently found out about the STR rule that allows non-full time real estate professionals to do a cost segregation study and bonus depreciate part of the home’s value and take these losses against their w2. I also f...
Shelley Marko
Deceased tax lien sale
My friend has passed away and has no mortgage on property and only owes $1200 in taxes for 3 years deliquent The sheriff delivered the paperwork to my house as he used to live next door and he has no heirs. I wanted t...